The Honest Company, Inc. (NASDAQ:HNST) Receives Average Recommendation of “Hold” from Analysts

The Honest Company, Inc. (NASDAQ:HNST) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $3.4667.

Several research analysts have commented on HNST shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price target on shares of Honest in a research report on Thursday, May 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Honest in a research note on Tuesday, May 26th. Alliance Global Partners reaffirmed a “buy” rating on shares of Honest in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Honest from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Morgan Stanley set a $3.40 price target on shares of Honest in a report on Thursday, May 7th.

Insider Activity at Honest

In related news, CFO Curtiss James Bruce III sold 12,669 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $3.14, for a total value of $39,780.66. Following the completion of the sale, the chief financial officer owned 526,157 shares in the company, valued at approximately $1,652,132.98. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stephen Winchell sold 12,886 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $3.14, for a total value of $40,462.04. Following the completion of the transaction, the insider directly owned 483,293 shares of the company’s stock, valued at approximately $1,517,540.02. This trade represents a 2.60% decrease in their position. 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 a total of 175,058 shares of company stock worth $550,591 over the last ninety days. Corporate insiders own 9.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Honest by 6.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company’s stock worth $235,000 after buying an additional 3,210 shares in the last quarter. Millennium Management LLC raised its stake in shares of Honest by 16.4% in the 1st quarter. Millennium Management LLC now owns 1,936,846 shares of the company’s stock valued at $9,103,000 after buying an additional 272,765 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Honest by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,064,179 shares of the company’s stock worth $5,002,000 after acquiring an additional 163,380 shares during the period. Creative Planning lifted its holdings in shares of Honest by 183.2% during the 2nd quarter. Creative Planning now owns 64,942 shares of the company’s stock worth $331,000 after acquiring an additional 42,008 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Honest by 18.1% during the 2nd quarter. Rhumbline Advisers now owns 134,690 shares of the company’s stock valued at $686,000 after acquiring an additional 20,603 shares in the last quarter. 45.54% of the stock is owned by institutional investors.

Honest Stock Performance

Honest stock opened at $3.85 on Friday. The business’s 50-day simple moving average is $3.70 and its 200-day simple moving average is $3.15. The firm has a market capitalization of $423.81 million, a PE ratio of -22.65 and a beta of 2.12. Honest has a 52 week low of $2.07 and a 52 week high of $4.68.

Honest (NASDAQ:HNST) last posted its quarterly earnings data 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 positive return on equity of 3.52% and a negative net margin of 5.39%.The business had revenue of $80.19 million during the quarter, compared to analysts’ expectations of $77.83 million. Research analysts forecast that Honest will post 0.1 earnings per share for the current year.

About Honest

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.