David Loretta Sells 27,004 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) CFO David Loretta sold 27,004 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total value of $191,728.40. Following the sale, the chief financial officer now directly owns 960,753 shares in the company, valued at $6,821,346.30. This trade represents a 2.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Honest Stock Performance

HNST opened at $7.25 on Thursday. The Honest Company, Inc. has a twelve month low of $1.57 and a twelve month high of $7.57. The firm’s 50-day moving average price is $4.16 and its 200 day moving average price is $3.61.

Wall Street Analyst Weigh In

HNST has been the topic of a number of analyst reports. Telsey Advisory Group lifted their price objective on shares of Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Alliance Global Partners raised their price target on shares of Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Northland Securities lifted their price target on Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. B. Riley upped their price objective on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Northland Capmk upgraded Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in Honest during the first quarter worth approximately $93,000. Vanguard Group Inc. raised its position in Honest by 10.4% in the first quarter. Vanguard Group Inc. now owns 2,851,501 shares of the company’s stock valued at $11,549,000 after purchasing an additional 268,600 shares during the period. Acadian Asset Management LLC acquired a new position in Honest during the 1st quarter worth about $359,000. EntryPoint Capital LLC acquired a new stake in shares of Honest during the first quarter worth about $27,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Honest in the first quarter valued at approximately $178,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

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.