The Honest Company, Inc. (NASDAQ:HNST) Receives Consensus Rating of “Moderate Buy” from Analysts

The Honest Company, Inc. (NASDAQ:HNST) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.04.

A number of equities analysts recently weighed in on HNST shares. B. Riley started coverage on shares of Honest in a research report on Tuesday, September 10th. They set a “buy” rating and a $6.50 target price for the company. Northland Capmk upgraded Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, Northland Securities began coverage on shares of Honest in a report on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 price target on the stock.

Insider Activity

In related news, Director James D. White sold 70,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $3.98, for a total transaction of $278,600.00. Following the completion of the sale, the director now owns 309,244 shares of the company’s stock, valued at $1,230,791.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Honest news, EVP Stephen Winchell sold 6,938 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total transaction of $29,694.64. Following the completion of the transaction, the executive vice president now directly owns 414,736 shares of the company’s stock, valued at approximately $1,775,070.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James D. White sold 70,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $3.98, for a total transaction of $278,600.00. Following the transaction, the director now directly owns 309,244 shares of the company’s stock, valued at approximately $1,230,791.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,531,187 shares of company stock worth $9,018,480. 8.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Honest

Several institutional investors and hedge funds have recently modified their holdings of HNST. EntryPoint Capital LLC acquired a new position in Honest in the first quarter valued at approximately $27,000. Creative Planning acquired a new position in shares of Honest in the third quarter worth about $39,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Honest in the 3rd quarter valued at about $40,000. Panagora Asset Management Inc. purchased a new stake in shares of Honest in the second quarter valued at approximately $43,000. Finally, Lazard Asset Management LLC acquired a new position in Honest during the first quarter worth $52,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Honest Stock Performance

Honest stock opened at $3.64 on Friday. The stock has a fifty day moving average of $3.92 and a 200 day moving average of $3.37. Honest has a one year low of $1.07 and a one year high of $4.89. The stock has a market cap of $359.04 million, a PE ratio of -15.83 and a beta of 1.87.

Honest (NASDAQ:HNST) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $93.05 million for the quarter, compared to the consensus estimate of $87.63 million. Honest had a negative net margin of 3.50% and a negative return on equity of 10.00%. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. As a group, sell-side analysts predict that Honest will post -0.1 EPS for the current fiscal year.

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.