Captrust Financial Advisors Buys Shares of 15,882 The Honest Company, Inc. (NASDAQ:HNST)

Captrust Financial Advisors acquired a new stake in shares of The Honest Company, Inc. (NASDAQ:HNST) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,882 shares of the company’s stock, valued at approximately $110,000.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in Honest by 869.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,546,391 shares of the company’s stock worth $10,716,000 after purchasing an additional 1,386,961 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Honest by 25.7% during the fourth quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company’s stock valued at $35,671,000 after purchasing an additional 1,052,305 shares in the last quarter. Invesco Ltd. boosted its stake in Honest by 2,035.9% in the fourth quarter. Invesco Ltd. now owns 779,998 shares of the company’s stock valued at $5,405,000 after acquiring an additional 743,479 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Honest in the fourth quarter valued at approximately $4,176,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Honest by 56.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,209,529 shares of the company’s stock worth $8,382,000 after buying an additional 435,723 shares during the period. Institutional investors own 45.54% of the company’s stock.

Insider Buying and Selling

In related news, insider Stephen Winchell sold 20,000 shares of Honest 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 completion of the transaction, the insider now owns 431,844 shares in the company, valued at $2,150,583.12. The trade was a 4.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan Mayle sold 37,481 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 307,740 shares in the company, valued at approximately $1,498,693.80. This represents a 10.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by corporate insiders.

Honest Trading Down 1.2%

Shares of NASDAQ HNST opened at $4.90 on Friday. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97. The stock has a market cap of $540.16 million, a PE ratio of -122.50 and a beta of 2.43. The company has a 50-day moving average of $4.77 and a 200 day moving average of $5.82.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share 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 business had revenue of $97.25 million during the quarter, compared to analysts’ expectations of $92.46 million. On average, sell-side analysts forecast that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $7.00 price objective on shares of Honest in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $7.70.

About Honest

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.