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

Telsey Advisory Group reaffirmed their market perform rating on shares of Honest (NASDAQ:HNST) in a research note issued to investors on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $7.00 price objective on the stock.

Honest Stock Performance

Honest stock opened at $4.99 on Wednesday. The company has a 50 day moving average price of $4.78 and a 200 day moving average price of $5.70. Honest has a 52 week low of $2.40 and a 52 week high of $8.97. The firm has a market capitalization of $550.05 million, a price-to-earnings ratio of -124.75 and a beta of 2.44.

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

Insider Transactions at Honest

In other Honest news, SVP Jonathan Mayle sold 37,481 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the transaction, the senior vice president now owns 307,740 shares in the company, valued at $1,498,693.80. The trade was a 10.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Winchell sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total value of $99,600.00. Following the completion of the transaction, the insider now directly owns 431,844 shares in the company, valued at approximately $2,150,583.12. The trade was a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Honest

Several large investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in Honest by 298.9% in the third quarter. Barclays PLC now owns 110,386 shares of the company’s stock valued at $394,000 after acquiring an additional 82,713 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Honest by 3.8% in the third quarter. Geode Capital Management LLC now owns 1,811,621 shares of the company’s stock worth $6,468,000 after purchasing an additional 65,995 shares in the last quarter. Virtu Financial LLC acquired a new position in Honest during the third quarter worth $219,000. Franklin Resources Inc. bought a new position in Honest during the third quarter valued at about $164,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Honest by 377.8% in the third quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company’s stock worth $2,762,000 after buying an additional 611,844 shares during the last quarter. 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.