Honest (NASDAQ:HNST) Insider Stephen Winchell Sells 10,595 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Stephen Winchell sold 10,595 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $2.60, for a total transaction of $27,547.00. Following the transaction, the insider owned 399,662 shares of the company’s stock, valued at $1,039,121.20. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Honest Price Performance

Shares of NASDAQ HNST traded down $0.01 on Friday, hitting $2.52. The company’s stock had a trading volume of 3,088,518 shares, compared to its average volume of 5,499,061. The stock has a 50 day moving average of $3.43 and a 200-day moving average of $4.18. The company has a market capitalization of $281.71 million, a price-to-earnings ratio of 42.00 and a beta of 2.28. The Honest Company, Inc. has a 12-month low of $2.31 and a 12-month high of $8.97.

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. The firm had revenue of $92.57 million during the quarter, compared to the consensus estimate of $99.43 million. Honest had a return on equity of 3.86% and a net margin of 1.85%. Honest has set its FY 2025 guidance at EPS. Sell-side analysts expect that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HNST has been the topic of a number of analyst reports. Zacks Research lowered Honest from a “strong-buy” rating to a “hold” rating 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. Telsey Advisory Group lowered their price target on shares of Honest from $6.00 to $3.00 and set a “market perform” rating for the company in a report on Thursday, November 6th. Morgan Stanley reduced their price objective on shares of Honest from $4.25 to $3.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings lowered shares of Honest from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.10.

Institutional Investors Weigh In On Honest

Several hedge funds have recently modified their holdings of HNST. Summit Securities Group LLC increased its position in Honest by 6,101.8% during the first quarter. Summit Securities Group LLC now owns 6,822 shares of the company’s stock worth $32,000 after purchasing an additional 6,712 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Honest by 1,392.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company’s stock worth $26,000 after buying an additional 6,599 shares during the last quarter. Equity Wealth Partners LLC purchased a new position in shares of Honest in the 3rd quarter worth $37,000. Strategic Blueprint LLC acquired a new position in Honest in the second quarter valued at $52,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in Honest during the third quarter valued at about $39,000. 45.54% of the stock is owned by institutional investors and hedge funds.

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.