Jonathan Mayle Sells 79,000 Shares of Honest (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 79,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $5.22, for a total transaction of $412,380.00. Following the completion of the transaction, the senior vice president directly owned 370,155 shares in the company, valued at $1,932,209.10. This trade represents a 17.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jonathan Mayle also recently made the following trade(s):

• On Wednesday, May 20th, Jonathan Mayle sold 6,236 shares of Honest stock. The shares were sold at an average price of $3.14, for a total transaction of $19,581.04.

Honest Stock Down 0.4%

NASDAQ HNST traded down $0.02 during trading hours on Tuesday, reaching $5.21. 3,638,825 shares of the company were exchanged, compared to its average volume of 1,862,362. The stock has a market capitalization of $573.52 million, a P/E ratio of -47.36 and a beta of 2.12. The Honest Company, Inc. has a 1 year low of $2.07 and a 1 year high of $5.84. The business’s 50 day simple moving average is $3.81 and its 200-day simple moving average is $3.22.

Honest (NASDAQ:HNST) last released its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $80.19 million for the quarter, compared to analysts’ expectations of $77.83 million. As a group, sell-side analysts anticipate that The Honest Company, Inc. will post 0.09 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on HNST. Telsey Advisory Group raised their target price on Honest from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Alliance Global Partners reaffirmed a “buy” rating on shares of Honest in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Honest in a research note on Tuesday, May 26th. Freedom Capital raised Honest from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, B. Riley Financial boosted their price objective on Honest from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Honest currently has a consensus rating of “Hold” and a consensus target price of $4.38.

Institutional Inflows and Outflows

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

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.