Honest’s (HNST) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Honest (NASDAQ:HNST) in a research note released on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $7.00 price objective on the stock.

A number of other brokerages have also commented on HNST. B. Riley lifted their price target on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Northland Securities lifted their price target on Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Alliance Global Partners lifted their price target on Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Loop Capital lowered Honest from a “buy” rating to a “hold” rating and set a $7.00 price target on the stock. in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Honest has an average rating of “Moderate Buy” and a consensus target price of $6.93.

Honest Trading Down 5.1 %

Shares of Honest stock opened at $5.73 on Wednesday. The business’s fifty day simple moving average is $6.41 and its 200 day simple moving average is $5.38. The firm has a market capitalization of $578.00 million, a P/E ratio of -143.13 and a beta of 2.43. Honest has a 12 month low of $2.40 and a 12 month high of $8.97.

Insider Buying and Selling at Honest

In related news, General Counsel Brendan Sheehey sold 92,138 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $8.13, for a total transaction of $749,081.94. Following the sale, the general counsel now directly owns 516,816 shares in the company, valued at approximately $4,201,714.08. The trade was a 15.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jessica Warren sold 465,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total value of $3,510,750.00. Following the sale, the director now owns 1,170,058 shares in the company, valued at approximately $8,833,937.90. The trade was a 28.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

Institutional Trading of Honest

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Honest during the 4th quarter valued at $26,000. New York State Teachers Retirement System purchased a new position in Honest during the fourth quarter worth about $52,000. Zacks Investment Management purchased a new position in Honest during the third quarter worth about $37,000. Creative Planning purchased a new position in Honest during the third quarter worth about $39,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Honest during the third quarter worth about $40,000. 45.54% of the stock is currently owned by institutional investors.

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.