Honest’s (HNST) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Honest (NASDAQ:HNST) in a research note released on Wednesday, Benzinga reports. They currently have a $2.00 target price on the stock.

Separately, Morgan Stanley lowered their price objective on Honest from $2.00 to $1.85 and set an equal weight rating on the stock in a report on Wednesday, August 9th.

Honest Stock Down 2.1 %

Shares of HNST stock opened at $1.42 on Wednesday. Honest has a 52-week low of $1.30 and a 52-week high of $4.32. The stock’s 50-day moving average price is $1.54 and its 200 day moving average price is $1.79. The stock has a market capitalization of $134.87 million, a PE ratio of -2.33 and a beta of 0.44.

Honest (NASDAQ:HNST) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.14) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.14). Honest had a negative return on equity of 35.55% and a negative net margin of 16.95%. The company had revenue of $84.54 million for the quarter, compared to analyst estimates of $80.28 million. During the same quarter in the previous year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts expect that Honest will post -0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honest

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of Honest during the 2nd quarter worth approximately $26,000. Green Alpha Advisors LLC purchased a new stake in shares of Honest during the 1st quarter worth approximately $45,000. Tower Research Capital LLC TRC boosted its stake in shares of Honest by 375.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 14,632 shares of the company’s stock worth $52,000 after acquiring an additional 11,552 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Honest by 21.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,762 shares of the company’s stock worth $56,000 after acquiring an additional 3,267 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Honest during the 2nd quarter worth approximately $58,000. Hedge funds and other institutional investors own 37.11% of the company’s stock.

Honest Company Profile

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.