Honest (NASDAQ:HNST) Earns Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Honest (NASDAQ:HNST) in a research report report published on Thursday,Benzinga reports. The firm currently has a $7.00 price target on the stock. Telsey Advisory Group also issued estimates for Honest’s Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.01 EPS and FY2026 earnings at $0.05 EPS.

Several other equities research analysts have also commented on the company. Alliance Global Partners upped 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. Northland Securities raised their price objective on Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. B. Riley raised their price objective on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Loop Capital downgraded shares of Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.93.

Honest Price Performance

Shares of Honest stock opened at $5.40 on Thursday. Honest has a one year low of $2.40 and a one year high of $8.97. The stock’s 50-day moving average is $6.27 and its 200 day moving average is $5.46. The firm has a market cap of $545.19 million, a price-to-earnings ratio of -135.00 and a beta of 2.43.

Honest (NASDAQ:HNST) last announced its earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The company had revenue of $99.84 million for the quarter, compared to analyst estimates of $96.46 million. On average, sell-side analysts expect that Honest will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Honest news, Director Jessica Warren sold 465,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the transaction, the director now owns 1,170,058 shares in the company, valued at approximately $8,833,937.90. This represents a 28.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

Institutional Trading of Honest

Several institutional investors have recently made changes to their positions in HNST. SBI Securities Co. Ltd. bought a new stake in shares of Honest in the 4th quarter worth $26,000. Zacks Investment Management bought a new stake in shares of Honest in the 3rd quarter worth $37,000. Creative Planning bought a new stake in shares of Honest in the 3rd quarter worth $39,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Honest in the 3rd quarter worth $40,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Honest in the 4th quarter worth $52,000. 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.