Honest (NASDAQ:HNST) SVP Jonathan Mayle Sells 79,000 Shares

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 79,000 shares of Honest stock in a transaction on Monday, August 10th. The stock was sold at an average price of $5.22, for a total transaction of $412,380.00. Following the sale, the senior vice president owned 370,155 shares in the company, valued at $1,932,209.10. This represents a 17.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jonathan Mayle also recently made the following trade(s):

• On Wednesday, May 20th, Jonathan Mayle sold 6,236 shares of Honest stock. The stock was sold at an average price of $3.14, for a total value of $19,581.04.

Honest Stock Performance

Honest stock opened at $5.21 on Wednesday. The stock has a 50-day simple moving average of $3.85 and a 200-day simple moving average of $3.23. The company has a market capitalization of $573.52 million, a P/E ratio of -47.36 and a beta of 2.12. The Honest Company, Inc. has a fifty-two week low of $2.07 and a fifty-two week high of $5.84.

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

Institutional Investors Weigh In On Honest

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Honest during the second quarter worth $25,662,000. Mak Capital One LLC acquired a new stake in Honest in the fourth quarter valued at $9,104,000. Balyasny Asset Management L.P. lifted its holdings in Honest by 796.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,006,646 shares of the company’s stock valued at $5,177,000 after acquiring an additional 1,782,742 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Honest by 70.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,520,331 shares of the company’s stock worth $3,922,000 after purchasing an additional 627,537 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Honest by 77.3% during the 4th quarter. UBS Group AG now owns 1,014,939 shares of the company’s stock worth $2,619,000 after purchasing an additional 442,542 shares during the period. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Freedom Capital upgraded shares of Honest from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Telsey Advisory Group raised their price objective on shares of Honest from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Honest in a report on Tuesday, May 26th. Alliance Global Partners reaffirmed a “buy” rating on shares of Honest in a report on Thursday, August 6th. Finally, Morgan Stanley set a $3.40 target price on shares of Honest in a research note on Thursday, May 7th. One equities research 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.38.

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.