The Honest Company, Inc. (NASDAQ:HNST) Insider Sells $847,666.91 in Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Jessica Warren sold 276,113 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $3.07, for a total transaction of $847,666.91. Following the transaction, the insider now directly owns 1,629,124 shares in the company, valued at approximately $5,001,410.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Jessica Warren also recently made the following trade(s):

• On Friday, April 19th, Jessica Warren sold 253,815 shares of Honest stock. The shares were sold at an average price of $2.99, for a total transaction of $758,906.85.
• On Thursday, March 7th, Jessica Warren sold 23,324 shares of Honest stock. The shares were sold at an average price of $3.24, for a total transaction of $75,569.76.

Honest Price Performance

NASDAQ HNST opened at $3.03 on Monday. The company has a 50 day simple moving average of $3.65 and a 200-day simple moving average of $2.73. The firm has a market capitalization of $294.00 million, a price-to-earnings ratio of -7.21 and a beta of 1.83. The Honest Company, Inc. has a 52-week low of $1.06 and a 52-week high of $4.89.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The business had revenue of $90.26 million during the quarter, compared to analyst estimates of $83.54 million. Honest had a negative net margin of 11.39% and a negative return on equity of 30.36%. On average, analysts predict that The Honest Company, Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on HNST. Loop Capital lowered their target price on shares of Honest from $5.00 to $3.00 and set a “hold” rating on the stock in a research note on Friday. Alliance Global Partners assumed coverage on shares of Honest in a research report on Tuesday, February 6th. They set a “buy” rating and a $5.75 price objective for the company. Lake Street Capital assumed coverage on shares of Honest in a research report on Thursday, April 4th. They set a “buy” rating and a $6.00 price objective for the company. Morgan Stanley raised their price objective on shares of Honest from $1.85 to $4.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $4.00 price objective on shares of Honest in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Honest currently has an average rating of “Hold” and an average price target of $4.55.

Institutional Trading of Honest

Hedge funds have recently made changes to their positions in the stock. Pathstone Family Office LLC raised its position in Honest by 159.4% during the third quarter. Pathstone Family Office LLC now owns 64,860 shares of the company’s stock valued at $82,000 after acquiring an additional 39,860 shares in the last quarter. Green Alpha Advisors LLC raised its position in Honest by 62.5% during the fourth quarter. Green Alpha Advisors LLC now owns 409,899 shares of the company’s stock valued at $1,353,000 after acquiring an additional 157,604 shares in the last quarter. Barclays PLC bought a new position in Honest during the third quarter valued at approximately $110,000. GSA Capital Partners LLP raised its position in Honest by 25.3% during the third quarter. GSA Capital Partners LLP now owns 1,078,733 shares of the company’s stock valued at $1,359,000 after acquiring an additional 217,721 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in Honest during the third quarter valued at approximately $89,000. 45.54% of the stock is owned by hedge funds and other institutional investors.

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.