The Honest Company, Inc. (NASDAQ:HNST – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.04.
A number of equities analysts recently weighed in on HNST shares. B. Riley started coverage on shares of Honest in a research report on Tuesday, September 10th. They set a “buy” rating and a $6.50 target price for the company. Northland Capmk upgraded Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, Northland Securities began coverage on shares of Honest in a report on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 price target on the stock.
Read Our Latest Research Report on Honest
Insider Activity
Hedge Funds Weigh In On Honest
Several institutional investors and hedge funds have recently modified their holdings of HNST. EntryPoint Capital LLC acquired a new position in Honest in the first quarter valued at approximately $27,000. Creative Planning acquired a new position in shares of Honest in the third quarter worth about $39,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Honest in the 3rd quarter valued at about $40,000. Panagora Asset Management Inc. purchased a new stake in shares of Honest in the second quarter valued at approximately $43,000. Finally, Lazard Asset Management LLC acquired a new position in Honest during the first quarter worth $52,000. Institutional investors and hedge funds own 45.54% of the company’s stock.
Honest Stock Performance
Honest stock opened at $3.64 on Friday. The stock has a fifty day moving average of $3.92 and a 200 day moving average of $3.37. Honest has a one year low of $1.07 and a one year high of $4.89. The stock has a market cap of $359.04 million, a PE ratio of -15.83 and a beta of 1.87.
Honest (NASDAQ:HNST – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $93.05 million for the quarter, compared to the consensus estimate of $87.63 million. Honest had a negative net margin of 3.50% and a negative return on equity of 10.00%. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. As a group, sell-side analysts predict that Honest will post -0.1 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.
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