Rick Rexing Sells 12,042 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST – Get Rating) CRO Rick Rexing sold 12,042 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $4.06, for a total transaction of $48,890.52. Following the transaction, the executive now directly owns 209,897 shares in the company, valued at $852,181.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ:HNST opened at $3.53 on Tuesday. The firm has a market capitalization of $323.20 million and a price-to-earnings ratio of -7.67. The business’s fifty day simple moving average is $4.87. The company has a current ratio of 4.41, a quick ratio of 2.85 and a debt-to-equity ratio of 0.21. The Honest Company, Inc. has a 52 week low of $3.48 and a 52 week high of $19.94.

Honest (NASDAQ:HNST – Get Rating) last issued its quarterly earnings results on Thursday, March 24th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business had revenue of $80.38 million for the quarter, compared to analyst estimates of $84.59 million. Honest had a negative return on equity of 51.77% and a negative net margin of 12.14%. The company’s revenue was up 3.2% compared to the same quarter last year. Research analysts anticipate that The Honest Company, Inc. will post -0.28 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. LPL Financial LLC lifted its holdings in shares of Honest by 6.3% during the third quarter. LPL Financial LLC now owns 33,332 shares of the company’s stock worth $346,000 after purchasing an additional 1,984 shares during the period. Advisor Group Holdings Inc. raised its stake in Honest by 36.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 9,520 shares of the company’s stock worth $76,000 after buying an additional 2,557 shares during the last quarter. Diversified Trust Co raised its stake in Honest by 28.7% during the fourth quarter. Diversified Trust Co now owns 13,000 shares of the company’s stock worth $105,000 after buying an additional 2,900 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. raised its stake in Honest by 735.6% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 3,635 shares of the company’s stock worth $38,000 after buying an additional 3,200 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in Honest during the fourth quarter worth $27,000. Institutional investors own 76.60% of the company’s stock.

HNST has been the topic of several recent research reports. Loop Capital lowered their target price on shares of Honest from $15.00 to $8.00 in a report on Friday, March 25th. Jefferies Financial Group lowered shares of Honest from a “buy” rating to a “hold” rating and reduced their price target for the stock from $11.00 to $5.00 in a research report on Friday, March 25th. Telsey Advisory Group reduced their price target on shares of Honest from $18.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, March 25th. Morgan Stanley cut their target price on shares of Honest from $9.00 to $8.25 and set an “equal weight” rating on the stock in a research report on Friday, March 25th. Finally, Bank of America lowered shares of Honest from a “neutral” rating to an “underperform” rating and cut their target price for the company from $13.00 to $6.50 in a research report on Monday, March 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.43.

About Honest (Get Rating)

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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