Jonathan Mayle Sells 2,332 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 2,332 shares of the company’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 transaction of $16,557.20. Following the sale, the senior vice president now directly owns 275,173 shares in the company, valued at $1,953,728.30. This trade represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Honest Stock Down 0.4 %

Shares of HNST stock opened at $7.62 on Friday. The business’s fifty day moving average is $4.24 and its 200 day moving average is $3.64. The stock has a market cap of $769.32 million, a price-to-earnings ratio of -191.13 and a beta of 1.85. The Honest Company, Inc. has a twelve month low of $1.83 and a twelve month high of $7.80.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Honest during the first quarter valued at approximately $93,000. Vanguard Group Inc. grew its stake in shares of Honest by 10.4% in the first quarter. Vanguard Group Inc. now owns 2,851,501 shares of the company’s stock worth $11,549,000 after acquiring an additional 268,600 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Honest in the 1st quarter worth about $359,000. EntryPoint Capital LLC bought a new position in Honest in the 1st quarter worth about $27,000. Finally, Quadrature Capital Ltd purchased a new stake in Honest during the 1st quarter valued at about $178,000. 45.54% of the stock is currently owned by institutional investors.

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.