The Honest Company, Inc. (NASDAQ:HNST) Receives Consensus Rating of “Moderate Buy” from Analysts

The Honest Company, Inc. (NASDAQ:HNST) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $7.70.

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of Honest in a research note on Thursday, May 8th.

Insider Activity

In other news, insider Stephen Winchell sold 10,746 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total transaction of $57,168.72. Following the sale, the insider now directly owns 421,098 shares in the company, valued at approximately $2,240,241.36. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Carla Vernon sold 98,950 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $5.32, for a total value of $526,414.00. Following the completion of the sale, the chief executive officer now owns 3,098,321 shares in the company, valued at $16,483,067.72. This trade represents a 3.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,726 shares of company stock worth $881,662. Company insiders own 8.90% of the company’s stock.

Institutional Trading of Honest

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Honest by 6.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,706 shares of the company’s stock valued at $324,000 after acquiring an additional 2,761 shares during the period. SBI Securities Co. Ltd. bought a new stake in Honest in the fourth quarter valued at $26,000. Rhumbline Advisers grew its position in Honest by 3.8% in the first quarter. Rhumbline Advisers now owns 114,087 shares of the company’s stock valued at $536,000 after acquiring an additional 4,144 shares during the period. GAMMA Investing LLC grew its position in Honest by 11,727.8% in the first quarter. GAMMA Investing LLC now owns 4,258 shares of the company’s stock valued at $200,000 after acquiring an additional 4,222 shares during the period. Finally, Legal & General Group Plc grew its position in Honest by 30.1% in the fourth quarter. Legal & General Group Plc now owns 26,571 shares of the company’s stock valued at $184,000 after acquiring an additional 6,146 shares during the period. 45.54% of the stock is currently owned by institutional investors.

Honest Stock Performance

Shares of HNST stock opened at $4.87 on Friday. The stock’s 50 day simple moving average is $4.86 and its 200 day simple moving average is $5.46. Honest has a twelve month low of $2.71 and a twelve month high of $8.97. The company has a market capitalization of $536.87 million, a price-to-earnings ratio of -243.50 and a beta of 2.39.

Honest (NASDAQ:HNST) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Honest had a negative return on equity of 0.95% and a negative net margin of 0.38%. The business had revenue of $97.25 million for the quarter, compared to the consensus estimate of $92.46 million. On average, analysts forecast that Honest will post -0.07 EPS for the current fiscal 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.