Analysts Set The Honest Company, Inc. (NASDAQ:HNST) PT at $4.84

The Honest Company, Inc. (NASDAQ:HNST) has been given an average recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $4.84.

HNST has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on shares of Honest from $3.40 to $5.70 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Alliance Global Partners reaffirmed a “buy” rating on shares of Honest in a report on Thursday, August 6th. Telsey Advisory Group boosted their price target on Honest from $4.00 to $5.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded Honest from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, Northland Securities set a $5.50 price target on shares of Honest in a research note on Thursday, August 6th.

Insider Activity at Honest

In other Honest news, insider Dorria L. Ball sold 6,812 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $4.99, for a total transaction of $33,991.88. Following the completion of the sale, the insider directly owned 418,584 shares of the company’s stock, valued at approximately $2,088,734.16. The trade was a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Carla Vernon sold 117,893 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $4.99, for a total value of $588,286.07. Following the completion of the transaction, the chief executive officer directly owned 3,828,558 shares of the company’s stock, valued at approximately $19,104,504.42. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 294,149 shares of company stock valued at $1,503,306 over the last ninety days. Insiders own 9.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG grew its holdings in shares of Honest by 77.3% during the 4th quarter. UBS Group AG now owns 1,014,939 shares of the company’s stock valued at $2,619,000 after purchasing an additional 442,542 shares during the last quarter. Green Alpha Advisors LLC bought a new position in Honest during the 2nd quarter valued at approximately $1,092,000. Quantbot Technologies LP bought a new position in shares of Honest during the second quarter valued at approximately $279,000. Wealthfront Advisers LLC lifted its position in shares of Honest by 24.0% in the 4th quarter. Wealthfront Advisers LLC now owns 25,177 shares of the company’s stock worth $65,000 after purchasing an additional 4,873 shares during the period. Finally, Allworth Financial LP purchased a new stake in Honest in the second quarter worth $26,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Honest Price Performance

HNST opened at $5.67 on Wednesday. Honest has a fifty-two week low of $2.07 and a fifty-two week high of $5.96. The company has a market capitalization of $624.15 million, a P/E ratio of -51.55 and a beta of 2.12. The firm’s fifty day moving average price is $4.28 and its two-hundred day moving average price is $3.49.

Honest (NASDAQ:HNST) last posted its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. The business had revenue of $80.19 million for the quarter, compared to analyst estimates of $77.83 million. On average, equities research analysts expect that Honest will post 0.05 EPS for the current fiscal year.

Honest Company Profile

The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.