Kunssberg Etienne Von Sells 4,578 Shares of Honest (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Kunssberg Etienne Von sold 4,578 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $5.01, for a total value of $22,935.78. Following the transaction, the senior vice president directly owned 383,517 shares of the company’s stock, valued at approximately $1,921,420.17. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kunssberg Etienne Von also recently made the following trade(s):

• On Thursday, August 20th, Kunssberg Etienne Von sold 2,617 shares of Honest stock. The shares were sold at an average price of $4.99, for a total value of $13,058.83.

Honest Stock Up 3.0%

HNST stock traded up $0.15 on Monday, reaching $5.20. 2,778,794 shares of the company’s stock were exchanged, compared to its average volume of 1,883,129. The stock has a fifty day moving average of $4.09 and a 200-day moving average of $3.37. The firm has a market cap of $572.41 million, a PE ratio of -47.27 and a beta of 2.12. The Honest Company, Inc. has a twelve month low of $2.07 and a twelve month high of $5.84.

Honest (NASDAQ:HNST) last released its earnings results on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $80.19 million during the quarter, compared to the consensus estimate of $77.83 million. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%. On average, equities research analysts predict that The Honest Company, Inc. will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Honest

Hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its holdings in shares of Honest by 77.3% in the fourth quarter. UBS Group AG now owns 1,014,939 shares of the company’s stock worth $2,619,000 after acquiring an additional 442,542 shares during the last quarter. Green Alpha Advisors LLC purchased a new stake in shares of Honest in the second quarter valued at $1,092,000. Quantbot Technologies LP acquired a new stake in shares of Honest during the second quarter valued at $279,000. Wealthfront Advisers LLC boosted its stake in shares of Honest by 24.0% during the fourth quarter. Wealthfront Advisers LLC now owns 25,177 shares of the company’s stock valued at $65,000 after acquiring an additional 4,873 shares during the last quarter. Finally, Allworth Financial LP purchased a new stake in Honest during the 2nd quarter worth about $26,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HNST shares. Northland Securities set a $5.50 price objective on shares of Honest in a report on Thursday, August 6th. Wall Street Zen raised Honest from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Telsey Advisory Group upped their price target on Honest from $4.00 to $5.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Alliance Global Partners reaffirmed a “buy” rating on shares of Honest in a research note on Thursday, August 6th. Finally, Morgan Stanley lifted their price objective on Honest from $3.40 to $5.70 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Honest has a consensus rating of “Hold” and a consensus target price of $4.84.

Honest Company Profile

The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.