Jessica Warren Sells 253,815 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Jessica Warren sold 253,815 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $2.99, for a total value of $758,906.85. Following the sale, the insider now owns 1,109,489 shares of the company’s stock, valued at approximately $3,317,372.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jessica Warren also recently made the following trade(s):

• On Wednesday, April 17th, Jessica Warren sold 276,113 shares of Honest stock. The stock was sold at an average price of $3.07, for a total transaction of $847,666.91.
• On Thursday, March 7th, Jessica Warren sold 23,324 shares of Honest stock. The shares were sold at an average price of $3.24, for a total transaction of $75,569.76.

Honest Trading Down 1.0 %

HNST opened at $3.03 on Friday. The Honest Company, Inc. has a 12 month low of $1.06 and a 12 month high of $4.89. The company has a market cap of $294.00 million, a PE ratio of -7.21 and a beta of 1.83. The company has a 50 day moving average of $3.65 and a 200 day moving average of $2.72.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $90.26 million during the quarter, compared to analyst estimates of $83.54 million. Honest had a negative return on equity of 30.36% and a negative net margin of 11.39%. Research analysts forecast that The Honest Company, Inc. will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HNST has been the subject of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price objective on shares of Honest in a research note on Wednesday, April 10th. Alliance Global Partners initiated coverage on Honest in a research report on Tuesday, February 6th. They set a “buy” rating and a $5.75 price target for the company. Loop Capital cut their price objective on Honest from $5.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday. Morgan Stanley raised their target price on Honest from $1.85 to $4.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Finally, Lake Street Capital started coverage on shares of Honest in a report on Thursday, April 4th. They issued a “buy” rating and a $6.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.55.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Pathstone Family Office LLC boosted its stake in Honest by 159.4% during the third quarter. Pathstone Family Office LLC now owns 64,860 shares of the company’s stock valued at $82,000 after buying an additional 39,860 shares during the period. Green Alpha Advisors LLC grew its holdings in shares of Honest by 62.5% during the fourth quarter. Green Alpha Advisors LLC now owns 409,899 shares of the company’s stock worth $1,353,000 after purchasing an additional 157,604 shares in the last quarter. Barclays PLC bought a new position in shares of Honest in the third quarter worth approximately $110,000. GSA Capital Partners LLP raised its stake in Honest by 25.3% in the third quarter. GSA Capital Partners LLP now owns 1,078,733 shares of the company’s stock valued at $1,359,000 after purchasing an additional 217,721 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of Honest in the 3rd quarter worth $89,000. Institutional investors own 45.54% 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.