The Honest Company, Inc. (NASDAQ:HNST) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in The Honest Company, Inc. (NASDAQ:HNST) by 57.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,757 shares of the company’s stock after acquiring an additional 6,513 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Honest were worth $83,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Honest during the 4th quarter valued at approximately $26,000. Utah Retirement Systems purchased a new position in shares of Honest during the 4th quarter valued at approximately $86,000. Fox Run Management L.L.C. purchased a new position in shares of Honest during the 4th quarter valued at approximately $89,000. Walleye Trading LLC purchased a new position in shares of Honest during the 4th quarter valued at approximately $109,000. Finally, Captrust Financial Advisors purchased a new position in shares of Honest during the 4th quarter valued at approximately $110,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Insider Activity at Honest

In related news, CFO David Loretta sold 34,389 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total transaction of $182,949.48. Following the completion of the transaction, the chief financial officer directly owned 883,153 shares in the company, valued at approximately $4,698,373.96. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Brendan Sheehey sold 12,017 shares of Honest stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total value of $63,930.44. Following the transaction, the general counsel owned 580,647 shares of the company’s stock, valued at $3,089,042.04. This represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 165,726 shares of company stock valued at $881,662 over the last 90 days. Insiders own 8.90% of the company’s stock.

Honest Price Performance

Shares of NASDAQ:HNST opened at $4.81 on Friday. The business’s fifty day moving average price is $4.93 and its two-hundred day moving average price is $5.32. The Honest Company, Inc. has a fifty-two week low of $2.93 and a fifty-two week high of $8.97. The stock has a market capitalization of $530.25 million, a price-to-earnings ratio of -240.50 and a beta of 2.35.

Honest (NASDAQ:HNST) last issued its quarterly earnings results 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. The business had revenue of $97.25 million during the quarter, compared to analyst estimates of $92.46 million. Honest had a negative net margin of 0.38% and a negative return on equity of 0.95%. Research analysts expect that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.