Andrea Turner Sells 34,396 Shares of Honest (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) Director Andrea Turner sold 34,396 shares of Honest stock in a transaction on Monday, August 10th. The stock was sold at an average price of $5.30, for a total transaction of $182,298.80. Following the sale, the director owned 282,304 shares in the company, valued at $1,496,211.20. This represents a 10.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andrea Turner also recently made the following trade(s):

• On Tuesday, August 11th, Andrea Turner sold 29,899 shares of Honest stock. The stock was sold at an average price of $5.21, for a total transaction of $155,773.79.

Honest Trading Down 2.7%

HNST stock opened at $5.07 on Thursday. The business’s 50 day moving average is $3.88 and its 200-day moving average is $3.25. The Honest Company, Inc. has a 1-year low of $2.07 and a 1-year high of $5.84. The firm has a market cap of $558.11 million, a P/E ratio of -46.09 and a beta of 2.12.

Honest (NASDAQ:HNST) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $80.19 million during the quarter, compared to analyst estimates of $77.83 million. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%. Sell-side analysts forecast that The Honest Company, Inc. will post 0.09 EPS for the current year.

Analysts Set New Price Targets

HNST has been the subject of several research reports. Wall Street Zen upgraded shares of Honest from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Alliance Global Partners reiterated a “buy” rating on shares of Honest in a report on Thursday, August 6th. Weiss Ratings raised shares of Honest from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday. Morgan Stanley set a $5.70 price target on Honest in a research report on Wednesday. Finally, B. Riley Financial boosted their price objective on shares of Honest from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Honest has an average rating of “Hold” and a consensus price target of $4.84.

Institutional Trading of Honest

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG raised its stake in Honest by 77.3% in the 4th quarter. UBS Group AG now owns 1,014,939 shares of the company’s stock valued at $2,619,000 after acquiring an additional 442,542 shares during the period. Wealthfront Advisers LLC raised its stake in Honest by 24.0% in the 4th quarter. Wealthfront Advisers LLC now owns 25,177 shares of the company’s stock worth $65,000 after purchasing an additional 4,873 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Honest by 122.3% in the fourth quarter. SG Americas Securities LLC now owns 36,461 shares of the company’s stock valued at $94,000 after buying an additional 20,059 shares during the period. Quantbot Technologies LP bought a new stake in shares of Honest during the 2nd quarter valued at $279,000. Finally, Green Alpha Advisors LLC acquired a new stake in Honest during the second quarter worth about $1,092,000. Institutional investors own 45.54% of the company’s stock.

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.