Honest (NASDAQ:HNST) CEO Carla Vernon Sells 97,505 Shares

The Honest Company, Inc. (NASDAQ:HNST) CEO Carla Vernon sold 97,505 shares of Honest stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $2.60, for a total value of $253,513.00. Following the completion of the sale, the chief executive officer directly owned 2,901,488 shares in the company, valued at $7,543,868.80. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Honest Stock Down 0.4%

Honest stock traded down $0.01 during midday trading on Friday, reaching $2.52. 3,086,200 shares of the stock traded hands, compared to its average volume of 3,262,342. The Honest Company, Inc. has a 12 month low of $2.31 and a 12 month high of $8.97. The stock’s fifty day moving average is $3.46 and its 200-day moving average is $4.20. The stock has a market cap of $281.71 million, a P/E ratio of 42.00 and a beta of 2.28.

Honest (NASDAQ:HNST) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. Honest had a return on equity of 3.86% and a net margin of 1.85%.The business had revenue of $92.57 million for the quarter, compared to analysts’ expectations of $99.43 million. Honest has set its FY 2025 guidance at EPS. On average, equities analysts predict that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Institutional Trading of Honest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $235,000 after buying an additional 3,210 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Honest by 18.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,366 shares of the company’s stock worth $81,000 after buying an additional 3,365 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Honest by 33.9% during the 2nd quarter. Osaic Holdings Inc. now owns 14,577 shares of the company’s stock worth $74,000 after acquiring an additional 3,693 shares during the last quarter. Inspire Investing LLC boosted its holdings in Honest by 5.1% during the 2nd quarter. Inspire Investing LLC now owns 76,206 shares of the company’s stock valued at $388,000 after acquiring an additional 3,730 shares during the period. Finally, CWM LLC grew its position in Honest by 17.1% in the 3rd quarter. CWM LLC now owns 27,342 shares of the company’s stock valued at $101,000 after acquiring an additional 3,985 shares during the last quarter. 45.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HNST has been the subject of a number of recent research reports. Lake Street Capital cut shares of Honest from a “buy” rating to a “hold” rating and set a $3.00 price objective for the company. in a research note on Thursday, November 6th. Morgan Stanley lowered their price target on shares of Honest from $4.25 to $3.00 and set an “equal weight” rating for the company in a report on Wednesday. Telsey Advisory Group reduced their price objective on Honest from $6.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, November 6th. B. Riley reaffirmed a “buy” rating on shares of Honest in a research note on Thursday, November 6th. Finally, Zacks Research cut Honest from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.10.

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.