Telsey Advisory Group Cuts Honest (NASDAQ:HNST) Price Target to $3.00

Honest (NASDAQ:HNST) had its target price reduced by Telsey Advisory Group from $6.00 to $3.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have a market perform rating on the stock. Telsey Advisory Group also issued estimates for Honest’s Q4 2025 earnings at $0.02 EPS, FY2025 earnings at $0.08 EPS and FY2026 earnings at $0.08 EPS.

A number of other brokerages have also commented on HNST. Zacks Research upgraded shares of Honest from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Morgan Stanley reduced their target price on shares of Honest from $5.50 to $4.25 and set an “equal weight” rating for the company in a research note on Friday, August 15th. Finally, Weiss Ratings downgraded Honest from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Honest has a consensus rating of “Hold” and a consensus target price of $5.96.

Honest Price Performance

NASDAQ HNST opened at $2.66 on Thursday. The firm has a market cap of $297.36 million, a P/E ratio of 44.33 and a beta of 2.28. The stock’s 50-day moving average is $3.70 and its 200-day moving average is $4.33. Honest has a one year low of $2.31 and a one year high of $8.97.

Honest (NASDAQ:HNST) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $92.57 million during the quarter, compared to analyst estimates of $99.43 million. Honest had a return on equity of 3.92% and a net margin of 1.85%. Honest has set its FY 2025 guidance at EPS. Equities analysts anticipate that Honest will post -0.07 EPS for the current year.

Insider Transactions at Honest

In other news, insider Stephen Winchell sold 10,841 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $3.65, for a total transaction of $39,569.65. Following the completion of the transaction, the insider directly owned 410,257 shares in the company, valued at $1,497,438.05. This represents a 2.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Carla Vernon sold 99,328 shares of the 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 $362,547.20. Following the transaction, the chief executive officer directly owned 2,998,993 shares of the company’s stock, valued at $10,946,324.45. This trade represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 131,890 shares of company stock worth $481,399 in the last three months. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Honest

A number of large investors have recently added to or reduced their stakes in HNST. Summit Securities Group LLC boosted its position in Honest by 6,101.8% during the first quarter. Summit Securities Group LLC now owns 6,822 shares of the company’s stock worth $32,000 after purchasing an additional 6,712 shares during the period. Strategic Blueprint LLC bought a new stake in shares of Honest during the 2nd quarter worth about $52,000. State of Wyoming bought a new stake in shares of Honest during the 2nd quarter worth about $61,000. Ethos Financial Group LLC acquired a new position in Honest in the 2nd quarter valued at about $62,000. Finally, DRW Securities LLC bought a new position in Honest in the 1st quarter valued at about $58,000. 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.