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

Telsey Advisory Group reiterated their market perform rating on shares of Honest (NASDAQ:HNST) in a report published on Thursday,Benzinga reports. Telsey Advisory Group currently has a $6.00 target price on the stock.

HNST has been the topic of a number of other reports. Morgan Stanley decreased their price target on shares of Honest from $5.50 to $4.25 and set an “equal weight” rating on the stock in a research note on Friday, August 15th. Zacks Research raised shares of Honest from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Weiss Ratings lowered shares of Honest from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.96.

Honest Trading Up 0.6%

Shares of Honest stock opened at $3.41 on Thursday. The firm has a market capitalization of $379.43 million, a PE ratio of 68.21 and a beta of 2.29. Honest has a twelve month low of $3.37 and a twelve month high of $8.97. The firm’s 50-day moving average price is $3.80 and its 200 day moving average price is $4.38.

Honest (NASDAQ:HNST) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The company had revenue of $93.46 million during the quarter, compared to analysts’ expectations of $92.18 million. Honest had a net margin of 1.66% and a return on equity of 3.84%. On average, sell-side analysts predict that Honest will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Honest news, insider Stephen Winchell sold 10,841 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $3.65, for a total value of $39,569.65. Following the transaction, the insider directly owned 410,257 shares of the company’s stock, valued at $1,497,438.05. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Brendan Sheehey sold 12,059 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $3.65, for a total transaction of $44,015.35. Following the completion of the transaction, the general counsel directly owned 568,588 shares in the company, valued at $2,075,346.20. This trade represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 131,890 shares of company stock valued at $481,399 in the last ninety days. 8.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Honest

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Honest during the 1st quarter worth approximately $10,554,000. Goldman Sachs Group Inc. increased its holdings in shares of Honest by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,064,179 shares of the company’s stock worth $5,002,000 after buying an additional 163,380 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Honest by 68.2% during the 1st quarter. GSA Capital Partners LLP now owns 272,284 shares of the company’s stock worth $1,280,000 after buying an additional 110,408 shares during the last quarter. Strs Ohio acquired a new stake in shares of Honest during the 1st quarter worth approximately $3,550,000. Finally, Inspire Investing LLC acquired a new stake in shares of Honest during the 1st quarter worth approximately $341,000. Institutional investors and hedge funds 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.