The Honest Company, Inc. (NASDAQ:HNST) Receives $7.70 Average PT from Brokerages

The Honest Company, Inc. (NASDAQ:HNST) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.70.

HNST has been the topic of several research reports. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 price objective on shares of Honest in a research note on Thursday, February 27th. Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and set a $7.00 price target for the company. in a report on Tuesday, December 17th.

Insider Buying and Selling at Honest

In other Honest news, insider Stephen Winchell sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total value of $99,600.00. Following the transaction, the insider now directly owns 431,844 shares in the company, valued at approximately $2,150,583.12. This trade represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jonathan Mayle sold 37,481 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total transaction of $182,532.47. Following the sale, the senior vice president now directly owns 307,740 shares of the company’s stock, valued at approximately $1,498,693.80. The trade was a 10.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Honest

Several large investors have recently added to or reduced their stakes in HNST. Valmark Advisers Inc. boosted its stake in Honest by 1.7% in the 4th quarter. Valmark Advisers Inc. now owns 163,015 shares of the company’s stock worth $1,130,000 after purchasing an additional 2,735 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Honest by 6.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,706 shares of the company’s stock worth $324,000 after acquiring an additional 2,761 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Honest during the 4th quarter valued at approximately $26,000. Rhumbline Advisers increased its position in Honest by 3.8% in the first quarter. Rhumbline Advisers now owns 114,087 shares of the company’s stock worth $536,000 after purchasing an additional 4,144 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Honest by 11,727.8% in the 1st quarter. GAMMA Investing LLC now owns 4,258 shares of the company’s stock worth $200,000 after buying an additional 4,222 shares in the last quarter. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Honest Stock Performance

NASDAQ HNST opened at $4.45 on Friday. The stock has a market cap of $484.65 million, a P/E ratio of -111.25 and a beta of 2.44. The stock has a 50 day simple moving average of $5.14 and a two-hundred day simple moving average of $5.62. Honest has a fifty-two week low of $2.40 and a fifty-two week high of $8.97.

Honest (NASDAQ:HNST) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. The company had revenue of $99.84 million for the quarter, compared to analysts’ expectations of $96.46 million. Sell-side analysts predict that Honest will post -0.07 earnings per share for the current year.

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.