The Honest Company, Inc. (NASDAQ:HNST) Receives Average Recommendation of “Moderate Buy” from Brokerages

The Honest Company, Inc. (NASDAQ:HNST) has received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $7.42.

HNST has been the topic of a number of recent research reports. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 target price on shares of Honest in a report on Thursday, February 27th. Loop Capital lowered Honest from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a report on Tuesday, December 17th. Finally, Northland Securities boosted their target price on Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

Insider Activity at Honest

In other Honest news, SVP Jonathan Mayle sold 37,481 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total transaction of $182,532.47. Following the sale, the senior vice president now directly owns 307,740 shares in the company, valued at approximately $1,498,693.80. The trade was a 10.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Winchell sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total value of $99,600.00. Following the sale, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. The trade was a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Honest

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Honest during the fourth quarter worth $26,000. New York State Teachers Retirement System purchased a new stake in Honest during the fourth quarter worth $52,000. Zacks Investment Management purchased a new stake in Honest during the third quarter worth $37,000. Utah Retirement Systems purchased a new stake in Honest during the fourth quarter worth $86,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Honest in the fourth quarter worth $89,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Honest Stock Down 2.7 %

HNST opened at $5.01 on Wednesday. The firm has a market cap of $545.64 million, a price-to-earnings ratio of -125.25 and a beta of 2.45. Honest has a 52 week low of $2.40 and a 52 week high of $8.97. The business’s 50 day moving average is $5.84 and its two-hundred day moving average is $5.52.

Honest (NASDAQ:HNST) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $99.84 million for the quarter, compared to analyst estimates of $96.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. Equities analysts expect that Honest will post -0.07 EPS for the current fiscal year.

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.