Bosun Asset Management LLC Boosts Holdings in The Honest Company, Inc. (NASDAQ:HNST)

Bosun Asset Management LLC increased its position in shares of The Honest Company, Inc. (NASDAQ:HNST) by 954.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 174,975 shares of the company’s stock after buying an additional 158,375 shares during the quarter. Bosun Asset Management LLC owned about 0.17% of Honest worth $1,213,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Honest in the fourth quarter valued at $26,000. New York State Teachers Retirement System purchased a new stake in Honest in the 4th quarter valued at about $52,000. Utah Retirement Systems acquired a new position in Honest in the fourth quarter valued at about $86,000. Fox Run Management L.L.C. purchased a new position in Honest during the fourth quarter worth about $89,000. Finally, Walleye Trading LLC acquired a new stake in shares of Honest during the fourth quarter valued at about $109,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Honest

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

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price objective on shares of Honest in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $7.70.

Honest Stock Performance

NASDAQ HNST opened at $4.94 on Tuesday. The firm has a market cap of $544.54 million, a price-to-earnings ratio of -123.50 and a beta of 2.43. The Honest Company, Inc. has a one year low of $2.40 and a one year high of $8.97. The firm has a 50 day simple moving average of $4.76 and a 200-day simple moving average of $5.73.

Honest (NASDAQ:HNST) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, topping 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 company had revenue of $99.84 million for the quarter, compared to the consensus estimate of $96.46 million. Equities analysts predict that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

About Honest

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.