Carla Vernon Sells 65,176 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) CEO Carla Vernon sold 65,176 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total transaction of $462,749.60. Following the completion of the sale, the chief executive officer now directly owns 2,763,143 shares of the company’s stock, valued at approximately $19,618,315.30. This trade represents a 2.30 % 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.

Honest Trading Down 1.0 %

Shares of Honest stock traded down $0.07 during trading hours on Wednesday, reaching $7.25. 3,302,844 shares of the company’s stock were exchanged, compared to its average volume of 1,464,393. The Honest Company, Inc. has a 52-week low of $1.57 and a 52-week high of $7.57. The company has a fifty day moving average of $4.16 and a 200-day moving average of $3.61. The firm has a market capitalization of $731.97 million, a price-to-earnings ratio of -181.25 and a beta of 1.85.

Analyst Upgrades and Downgrades

HNST has been the subject of a number of research analyst reports. Alliance Global Partners increased their price target on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Telsey Advisory Group raised their target price on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. B. Riley raised their price objective on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Northland Securities lifted their price target on Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Northland Capmk raised Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Two 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $5.93.

Institutional Trading of Honest

Several large investors have recently bought and sold shares of HNST. EntryPoint Capital LLC purchased a new position in shares of Honest during the 1st quarter valued at approximately $27,000. Zacks Investment Management bought a new position in Honest during the third quarter worth $37,000. Creative Planning bought a new stake in Honest in the third quarter valued at $39,000. Wealth Enhancement Advisory Services LLC bought a new stake in Honest in the third quarter valued at $40,000. Finally, Lazard Asset Management LLC bought a new stake in Honest in the first quarter valued at $52,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

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.