Stephen Winchell Sells 7,123 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) EVP Stephen Winchell sold 7,123 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total value of $50,573.30. Following the completion of the sale, the executive vice president now owns 382,613 shares in the company, valued at approximately $2,716,552.30. This represents a 1.83 % 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 hyperlink.

Honest Trading Up 6.5 %

Shares of HNST stock opened at $8.15 on Friday. The Honest Company, Inc. has a 12 month low of $1.83 and a 12 month high of $8.29. The stock has a 50-day moving average price of $4.32 and a 200 day moving average price of $3.68.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HNST. EntryPoint Capital LLC acquired a new stake in Honest during the 1st quarter worth approximately $27,000. Zacks Investment Management bought a new stake in shares of Honest in the third quarter worth $37,000. Creative Planning acquired a new position in Honest during the 3rd quarter worth about $39,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Honest in the third quarter valued at about $40,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Honest in the second quarter worth approximately $43,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

About Honest

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.