James D. White Sells 25,000 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) Director James D. White sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the director now directly owns 284,244 shares in the company, valued at approximately $2,043,714.36. The trade was a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Honest Stock Performance

Shares of HNST opened at $8.15 on Friday. The business’s 50-day moving average is $4.32 and its two-hundred day moving average is $3.68. The company has a market capitalization of $822.82 million, a P/E ratio of -203.75 and a beta of 1.85. The Honest Company, Inc. has a fifty-two week low of $1.83 and a fifty-two week high of $8.29.

Wall Street Analyst Weigh In

HNST has been the topic of several research reports. B. Riley upped their target price on 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 upped their target price on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Telsey Advisory Group upped their target price on Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Northland Securities upped their target price on Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Northland Capmk raised Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Honest presently has an average rating of “Moderate Buy” and an average target price of $5.93.

Institutional Investors Weigh In On Honest

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC purchased a new stake in shares of Honest during the 1st quarter worth about $27,000. Zacks Investment Management purchased a new position in Honest in the 3rd quarter valued at about $37,000. Creative Planning purchased a new position in Honest in the 3rd quarter valued at about $39,000. Wealth Enhancement Advisory Services LLC purchased a new position in Honest in the 3rd quarter valued at about $40,000. Finally, Panagora Asset Management Inc. purchased a new position in Honest in the 2nd quarter valued at about $43,000. 45.54% of the stock is 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.