The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total transaction of $182,532.47. Following the transaction, the senior vice president now owns 307,740 shares in the company, valued at approximately $1,498,693.80. The trade was a 10.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Honest Trading Down 4.2 %
Shares of NASDAQ:HNST opened at $4.84 on Friday. The stock has a market capitalization of $527.12 million, a PE ratio of -121.00 and a beta of 2.45. The Honest Company, Inc. has a 1 year low of $2.40 and a 1 year high of $8.97. The firm has a fifty day moving average price of $5.93 and a 200 day moving average price of $5.50.
Honest (NASDAQ:HNST - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The firm had revenue of $99.84 million during the quarter, compared to analyst estimates of $96.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. On average, sell-side analysts forecast that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.
Analysts Set New Price Targets
HNST has been the topic of several research analyst reports. Loop Capital cut shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 price target on the stock. in a report on Tuesday, December 17th. Telsey Advisory Group restated a "market perform" rating and set a $7.00 price target on shares of Honest in a report on Thursday, February 27th. Finally, Northland Securities boosted their price target on shares of Honest from $7.50 to $9.50 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Honest presently has an average rating of "Moderate Buy" and a consensus target price of $7.42.
View Our Latest Analysis on Honest
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of HNST. Creative Planning acquired a new position in Honest during the 3rd quarter worth $39,000. Wealth Enhancement Advisory Services LLC acquired a new position in Honest during the 3rd quarter worth $40,000. US Bancorp DE acquired a new position in shares of Honest during the third quarter valued at about $78,000. Victory Capital Management Inc. acquired a new position in shares of Honest during the third quarter valued at about $569,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Honest by 216.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company's stock valued at $1,947,000 after buying an additional 372,749 shares during the last quarter. Institutional investors and hedge funds own 45.54% of the company's stock.
About Honest
(
Get Free Report)
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.
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