The Honest Company, Inc. (NASDAQ:HNST) Insider Stephen Winchell Sells 20,000 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Stephen Winchell sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total value of $99,600.00. Following the completion of the transaction, the insider now owns 431,844 shares in the company, valued at $2,150,583.12. This represents a 4.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Honest Trading Up 5.2 %

Shares of NASDAQ HNST opened at $5.09 on Friday. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The firm has a fifty day simple moving average of $5.90 and a two-hundred day simple moving average of $5.50. The firm has a market capitalization of $554.35 million, a PE ratio of -127.25 and a beta of 2.45.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, topping 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 the consensus estimate of $96.46 million. On average, sell-side analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HNST shares. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 price target on shares of Honest in a research report on Thursday, February 27th. Northland Securities lifted their target price on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Honest currently has an average rating of “Moderate Buy” and a consensus price target of $7.42.

Hedge Funds Weigh In On Honest

Several large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Honest in the fourth quarter valued at approximately $26,000. Zacks Investment Management purchased a new position in Honest during the third quarter worth approximately $37,000. Creative Planning acquired a new stake in shares of Honest in the 3rd quarter worth $39,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Honest during the 3rd quarter worth $40,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Honest during the 4th quarter valued at about $52,000. Hedge funds and other 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.