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

Shares of The Honest Company, Inc. (NASDAQ:HNST) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $4.79.

A number of equities analysts have recently weighed in on HNST shares. Northland Securities assumed coverage on shares of Honest in a research report on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 price objective for the company. Loop Capital raised Honest from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Tuesday, June 25th. Northland Capmk raised shares of Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price objective on shares of Honest in a research report on Thursday, May 9th.

Honest Trading Down 0.3 %

NASDAQ:HNST opened at $3.67 on Tuesday. The company has a market capitalization of $362.00 million, a P/E ratio of -15.96 and a beta of 1.86. The firm has a 50-day moving average price of $3.10 and a two-hundred day moving average price of $3.25. Honest has a twelve month low of $1.06 and a twelve month high of $4.89.

Honest (NASDAQ:HNST) last announced its earnings results on Thursday, August 8th. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). Honest had a negative return on equity of 17.44% and a negative net margin of 6.27%. The firm had revenue of $93.05 million for the quarter, compared to analysts’ expectations of $87.63 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. On average, equities research analysts predict that Honest will post -0.12 earnings per share for the current year.

Insider Transactions at Honest

In other Honest news, CEO Carla Vernon sold 43,317 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $2.77, for a total transaction of $119,988.09. Following the completion of the sale, the chief executive officer now owns 2,881,070 shares in the company, valued at approximately $7,980,563.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Carla Vernon sold 43,317 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $2.77, for a total value of $119,988.09. Following the sale, the chief executive officer now owns 2,881,070 shares in the company, valued at approximately $7,980,563.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Thomas Sternweis sold 10,047 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $2.77, for a total value of $27,830.19. Following the completion of the sale, the senior vice president now directly owns 237,211 shares of the company’s stock, valued at $657,074.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,160 shares of company stock valued at $379,933. 8.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Raymond James & Associates lifted its stake in Honest by 62.6% in the fourth quarter. Raymond James & Associates now owns 34,511 shares of the company’s stock valued at $114,000 after buying an additional 13,285 shares during the last quarter. Valmark Advisers Inc. acquired a new position in Honest during the 4th quarter valued at about $431,000. Jump Financial LLC acquired a new position in shares of Honest during the fourth quarter valued at approximately $120,000. Wade G W & Inc. raised its holdings in Honest by 6.3% during the fourth quarter. Wade G W & Inc. now owns 197,290 shares of the company’s stock worth $651,000 after purchasing an additional 11,685 shares in the last quarter. Finally, Green Alpha Advisors LLC lifted its position in Honest by 1.3% in the first quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock worth $1,681,000 after purchasing an additional 5,249 shares during the period. 45.54% of the stock is currently owned by institutional investors.

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.