The Honest Company, Inc. (NASDAQ:HNST) Insider Sells $188,166.10 in Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Katherine Barton sold 67,930 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $2.77, for a total transaction of $188,166.10. Following the completion of the transaction, the insider now directly owns 933,005 shares of the company’s stock, valued at approximately $2,584,423.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Honest Price Performance

Shares of NASDAQ:HNST opened at $2.75 on Friday. The Honest Company, Inc. has a 1 year low of $1.06 and a 1 year high of $4.89. The business’s 50-day moving average is $3.35 and its 200-day moving average is $3.02.

Honest (NASDAQ:HNST) last released its earnings results on Wednesday, March 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $90.26 million for the quarter, compared to the consensus estimate of $83.54 million. Honest had a negative net margin of 6.27% and a negative return on equity of 17.44%. Equities analysts anticipate that The Honest Company, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on HNST. Alliance Global Partners initiated coverage on shares of Honest in a report on Tuesday, February 6th. They set a “buy” rating and a $5.75 price target for the company. Telsey Advisory Group reissued a “market perform” rating and set a $4.00 price target on shares of Honest in a research note on Thursday, May 9th. Morgan Stanley raised their price objective on shares of Honest from $1.85 to $4.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Loop Capital reduced their target price on shares of Honest from $5.00 to $3.00 and set a “hold” rating on the stock in a report on Friday, April 19th. Finally, Lake Street Capital started coverage on shares of Honest in a report on Thursday, April 4th. They set a “buy” rating and a $6.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.55.

Institutional Trading of Honest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Honest by 10.4% in the first quarter. Vanguard Group Inc. now owns 2,851,501 shares of the company’s stock valued at $11,549,000 after acquiring an additional 268,600 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Honest by 25.3% in the 3rd quarter. GSA Capital Partners LLP now owns 1,078,733 shares of the company’s stock worth $1,359,000 after purchasing an additional 217,721 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in Honest during the first quarter worth $3,777,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Honest by 973.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 430,090 shares of the company’s stock valued at $1,742,000 after buying an additional 390,022 shares in the last quarter. Finally, Green Alpha Advisors LLC grew its holdings in shares of Honest by 1.3% during the first quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock valued at $1,681,000 after buying an additional 5,249 shares during the last quarter. 45.54% of the stock is owned by institutional investors.

Honest Company Profile

The Honest Company, Inc manufactures and sells diapers and wipes, skin and personal care, and household and wellness products. The company also offers baby clothing and nursery bedding products. It sells its products through digital and retail sales channels, such as its website and third-party ecommerce sites, as well as brick and mortar retailers.