The Honest Company, Inc. (NASDAQ:HNST) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of The Honest Company, Inc. (NASDAQ:HNSTGet Rating) by 111.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,800 shares of the company’s stock after acquiring an additional 7,800 shares during the period. Nisa Investment Advisors LLC’s holdings in Honest were worth $43,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC lifted its stake in Honest by 35.0% during the 2nd quarter. Advisory Services Network LLC now owns 46,635 shares of the company’s stock valued at $136,000 after acquiring an additional 12,100 shares during the period. Arizona State Retirement System acquired a new position in shares of Honest in the 2nd quarter valued at $43,000. New York State Common Retirement Fund lifted its stake in shares of Honest by 41.5% in the 1st quarter. New York State Common Retirement Fund now owns 65,245 shares of the company’s stock valued at $340,000 after purchasing an additional 19,140 shares during the period. Federated Hermes Inc. lifted its stake in shares of Honest by 82.6% in the 1st quarter. Federated Hermes Inc. now owns 12,361 shares of the company’s stock valued at $64,000 after purchasing an additional 5,590 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Honest in the 1st quarter valued at $61,000. 43.79% of the stock is currently owned by institutional investors and hedge funds.

Honest Stock Performance

Shares of NASDAQ HNST opened at $3.13 on Thursday. The firm has a market cap of $289.26 million, a PE ratio of -7.28 and a beta of 0.48. The firm has a fifty day moving average of $3.55 and a 200 day moving average of $3.47. The Honest Company, Inc. has a one year low of $2.54 and a one year high of $10.41.

Honest (NASDAQ:HNSTGet Rating) last issued its quarterly earnings results on Friday, August 12th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The company had revenue of $78.50 million during the quarter, compared to analysts’ expectations of $75.74 million. Honest had a negative return on equity of 22.07% and a negative net margin of 12.51%. Honest’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.17) EPS. On average, equities analysts predict that The Honest Company, Inc. will post -0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

HNST has been the subject of several analyst reports. Telsey Advisory Group decreased their target price on shares of Honest from $12.00 to $8.00 and set an “outperform” rating for the company in a research note on Monday, August 15th. JPMorgan Chase & Co. decreased their target price on shares of Honest from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, October 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.96.

Insider Transactions at Honest

In other news, insider Janis Hoyt sold 9,948 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $3.48, for a total transaction of $34,619.04. Following the completion of the sale, the insider now owns 341,348 shares of the company’s stock, valued at $1,187,891.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Janis Hoyt sold 9,948 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $3.48, for a total transaction of $34,619.04. Following the completion of the sale, the insider now owns 341,348 shares of the company’s stock, valued at $1,187,891.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nikolaos A. Vlahos sold 16,804 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $3.74, for a total transaction of $62,846.96. Following the sale, the chief executive officer now directly owns 1,264,054 shares of the company’s stock, valued at approximately $4,727,561.96. The disclosure for this sale can be found here. Insiders sold 56,314 shares of company stock valued at $204,227 over the last 90 days. 26.20% of the stock is currently owned by corporate insiders.

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.

See Also

Institutional Ownership by Quarter for Honest (NASDAQ:HNST)

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