The Honest Company, Inc. (NASDAQ:HNST) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of The Honest Company, Inc. (NASDAQ:HNST) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $7.70.

A number of research analysts recently weighed in on the stock. Loop Capital lowered shares of Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research note on Tuesday, December 17th. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 target price on shares of Honest in a research report on Thursday, February 27th.

Insider Activity

In other news, SVP Jonathan Mayle sold 37,481 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total value of $182,532.47. Following the transaction, the senior vice president now owns 307,740 shares in the company, valued at approximately $1,498,693.80. This trade represents a 10.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Winchell sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total transaction of $99,600.00. Following the sale, the insider now owns 431,844 shares of the company’s stock, valued at $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Honest

Hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Honest during the 4th quarter valued at about $26,000. New York State Teachers Retirement System purchased a new position in shares of Honest during the fourth quarter valued at approximately $52,000. Utah Retirement Systems purchased a new stake in Honest in the fourth quarter worth $86,000. Fox Run Management L.L.C. bought a new stake in Honest in the fourth quarter valued at $89,000. Finally, Walleye Trading LLC purchased a new position in Honest during the 4th quarter valued at $109,000. 45.54% of the stock is owned by institutional investors.

Honest Stock Performance

HNST opened at $4.40 on Friday. The firm has a market cap of $479.20 million, a P/E ratio of -110.00 and a beta of 2.44. Honest has a fifty-two week low of $2.40 and a fifty-two week high of $8.97. The firm has a 50-day moving average of $5.21 and a 200 day moving average of $5.61.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The business had revenue of $99.84 million for the quarter, compared to the consensus estimate of $96.46 million. Equities research analysts predict that Honest will post -0.07 earnings per share 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.