Honest (NASDAQ:HNST) Issues Quarterly Earnings Results

Honest (NASDAQ:HNST) issued its earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01, Zacks reports. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. Honest updated its FY 2025 guidance to EPS.

Honest Stock Up 2.0 %

Shares of HNST traded up $0.11 during midday trading on Wednesday, hitting $5.68. The company had a trading volume of 4,663,220 shares, compared to its average volume of 2,270,979. The stock has a market cap of $573.46 million, a price-to-earnings ratio of -142.00 and a beta of 2.43. The company’s 50 day moving average price is $6.35 and its 200 day moving average price is $5.44. Honest has a 52 week low of $2.40 and a 52 week high of $8.97.

Wall Street Analysts Forecast Growth

HNST has been the topic of several recent research reports. B. Riley boosted their price target on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 target price on shares of Honest in a research report on Wednesday, February 19th. Northland Securities raised their price target on shares of Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Loop Capital lowered shares of Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a report on Tuesday, December 17th. Finally, Alliance Global Partners raised their target price on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honest has an average rating of “Moderate Buy” and a consensus target price of $6.93.

Insider Transactions at Honest

In related news, Director Jessica Warren sold 465,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $7.55, for a total value of $3,510,750.00. Following the completion of the sale, the director now directly owns 1,170,058 shares of the company’s stock, valued at $8,833,937.90. The trade was a 28.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.60% of the company’s stock.

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.