David Loretta Sells 27,004 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) CFO David Loretta sold 27,004 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total value of $191,728.40. Following the completion of the sale, the chief financial officer now directly owns 960,753 shares in the company, valued at approximately $6,821,346.30. This trade represents a 2.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Honest Stock Up 5.4 %

NASDAQ HNST opened at $7.65 on Friday. The stock has a market capitalization of $771.84 million, a PE ratio of -191.13 and a beta of 1.85. The company has a 50 day moving average price of $4.24 and a two-hundred day moving average price of $3.64. The Honest Company, Inc. has a 12-month low of $1.57 and a 12-month high of $7.80.

Institutional Investors Weigh In On Honest

Several hedge funds and other institutional investors have recently made changes to their positions in HNST. EntryPoint Capital LLC acquired a new stake in Honest in the 1st quarter valued at approximately $27,000. Zacks Investment Management bought a new position in shares of Honest during the 3rd quarter worth about $37,000. Creative Planning acquired a new stake in Honest during the third quarter worth about $39,000. Wealth Enhancement Advisory Services LLC bought a new position in Honest during the third quarter valued at about $40,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Honest in the 1st quarter worth approximately $52,000. 45.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. B. Riley upped their price target on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Northland Capmk raised Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Telsey Advisory Group boosted their price objective on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Alliance Global Partners raised their target price on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Northland Securities boosted their price target on Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Honest has a consensus rating of “Moderate Buy” and an average price target of $5.93.

About Honest

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.