Honest (NASDAQ:HNST) Releases Earnings Results

Honest (NASDAQ:HNST) posted its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01, Zacks reports. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. Honest updated its FY 2025 guidance to EPS.

Honest Trading Up 2.0 %

HNST traded up $0.11 on Wednesday, reaching $5.68. The company had a trading volume of 4,663,220 shares, compared to its average volume of 2,270,979. Honest has a one year low of $2.40 and a one year high of $8.97. The company has a market capitalization of $573.46 million, a P/E ratio of -142.00 and a beta of 2.43. The company has a fifty day moving average of $6.35 and a 200-day moving average of $5.44.

Insider Transactions at Honest

In related news, Director Jessica Warren sold 465,000 shares of the firm’s stock in a transaction that occurred 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 $8,833,937.90. This trade represents a 28.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. B. Riley raised their target price on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Northland Securities raised their price target on Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of Honest in a research note on Wednesday, February 19th. Alliance Global Partners increased their target price on Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research report 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 target for the company. in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.93.

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.