Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) Insider Sells 253,815 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Jessica Warren sold 253,815 shares of Honest stock in a transaction on Friday, April 19th. The shares were sold at an average price of $2.99, for a total value of $758,906.85. Following the transaction, the insider now owns 1,109,489 shares of the company’s stock, valued at approximately $3,317,372.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, April 17th, Jessica Warren sold 276,113 shares of Honest stock. The shares were sold at an average price of $3.07, for a total value of $847,666.91.
• 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 value of $75,569.76.

Honest Trading Down 1.0 %

Shares of NASDAQ:HNST traded down $0.03 during mid-day trading on Friday, reaching $3.03. The stock had a trading volume of 1,778,905 shares, compared to its average volume of 1,005,422. The company has a market cap of $294.00 million, a P/E ratio of -7.17 and a beta of 1.83. The Honest Company, Inc. has a 1 year low of $1.06 and a 1 year high of $4.89. The business’s 50 day moving average price is $3.66 and its 200 day moving average price is $2.70.

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

Institutional Investors Weigh In On Honest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in Honest by 4.0% during the second quarter. Rhumbline Advisers now owns 92,277 shares of the company’s stock valued at $269,000 after purchasing an additional 3,590 shares during the period. Swiss National Bank raised its position in Honest by 8.4% during the first quarter. Swiss National Bank now owns 64,600 shares of the company’s stock valued at $337,000 after purchasing an additional 5,000 shares during the period. Raymond James & Associates raised its position in Honest by 19.0% during the fourth quarter. Raymond James & Associates now owns 31,476 shares of the company’s stock valued at $95,000 after purchasing an additional 5,019 shares during the period. Green Alpha Advisors LLC raised its position in Honest by 1.3% during the first quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock valued at $1,681,000 after purchasing an additional 5,249 shares during the period. Finally, Bank of Montreal Can raised its position in Honest by 37.4% during the second quarter. Bank of Montreal Can now owns 19,383 shares of the company’s stock valued at $61,000 after purchasing an additional 5,275 shares during the period. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.