Honest (HNST) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Honest in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HNST shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HNST, but not buy additional shares or sell existing shares.
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5 brokerages have issued 1-year price objectives for Honest's shares. Their HNST share price targets range from $3.00 to $6.00. On average, they anticipate the company's stock price to reach $4.55 in the next twelve months. This suggests a possible upside of 50.2% from the stock's current price.
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Honest's stock was trading at $3.30 at the beginning of the year. Since then, HNST stock has decreased by 8.2% and is now trading at $3.03.
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Honest saw a drop in short interest in March. As of March 31st, there was short interest totaling 1,150,000 shares, a drop of 10.2% from the March 15th total of 1,280,000 shares. Based on an average daily volume of 977,600 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
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The Honest Company, Inc. (NASDAQ:HNST) announced its earnings results on Wednesday, March, 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.09. The business had revenue of $90.26 million for the quarter, compared to the consensus estimate of $83.54 million. Honest had a negative net margin of 11.39% and a negative trailing twelve-month return on equity of 30.36%.

Honest (HNST) raised $400 million in an initial public offering on Wednesday, May 5th 2021. The company issued 25,800,000 shares at a price of $14.00-$17.00 per share. Morgan Stanley, J.P. Morgan, Jefferies, BofA Securities, Citigroup, William Blair and Guggenheim Securities served as the underwriters for the IPO and Telsey Advisory Group, C.L. King & Associates, Loop Capital Markets, Penserra Securities and Ramirez & Co. were co-managers.

Honest's stock is owned by a number of institutional and retail investors. Top institutional investors include Green Alpha Advisors LLC (0.43%), Cannon Global Investment Management LLC (0.03%) and Allspring Global Investments Holdings LLC (0.02%). Insiders that own company stock include Brendan Sheehey, Carla Vernon, Glenn Klages, James D White, Janis Hoyt, Jasmin Manner, Jeremy Liew, Jessica Warren, Kelly J Kennedy, Lightspeed Venture Partners Vi, Nikolaos A Vlahos, Peter C Gerstberger, Rick Rexing, Stephen Winchell and Venture Manageme Institutional.
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Shares of HNST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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