The Honest Company, Inc. (NASDAQ:HNST) SVP Thomas Sternweis Sells 10,047 Shares

The Honest Company, Inc. (NASDAQ:HNST) SVP Thomas Sternweis sold 10,047 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $2.77, for a total transaction of $27,830.19. Following the sale, the senior vice president now directly owns 237,211 shares in the company, valued at $657,074.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Honest Stock Down 0.4 %

Shares of NASDAQ HNST opened at $2.74 on Thursday. The company’s fifty day moving average is $3.42 and its 200-day moving average is $3.01. The stock has a market cap of $270.27 million, a price-to-earnings ratio of -11.96 and a beta of 1.91. The Honest Company, Inc. has a twelve month low of $1.06 and a twelve month high of $4.89.

Honest (NASDAQ:HNST) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. Honest had a negative net margin of 6.27% and a negative return on equity of 17.44%. The company had revenue of $90.26 million for the quarter, compared to analysts’ expectations of $83.54 million. On average, research analysts anticipate that The Honest Company, Inc. will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Honest

A number of hedge funds and other institutional investors have recently made changes to their positions in HNST. EntryPoint Capital LLC acquired a new stake in shares of Honest during the first quarter worth $27,000. Lazard Asset Management LLC acquired a new stake in shares of Honest during the first quarter worth $52,000. Pathstone Family Office LLC raised its holdings in shares of Honest by 159.4% during the third quarter. Pathstone Family Office LLC now owns 64,860 shares of the company’s stock worth $82,000 after acquiring an additional 39,860 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in shares of Honest during the third quarter worth $89,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Honest during the first quarter worth $93,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HNST has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of Honest from $1.85 to $4.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price objective on shares of Honest in a research note on Thursday, May 9th. Lake Street Capital initiated coverage on shares of Honest in a research note on Thursday, April 4th. They issued a “buy” rating and a $6.00 price objective on the stock. Loop Capital reduced their price objective on shares of Honest from $5.00 to $3.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Finally, Alliance Global Partners initiated coverage on shares of Honest in a research note on Tuesday, February 6th. They issued a “buy” rating and a $5.75 price objective on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.55.

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.