Insider Selling: Honest (NASDAQ:HNST) Director Sells $182,298.80 in Stock

The Honest Company, Inc. (NASDAQ:HNST) Director Andrea Turner sold 34,396 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $5.30, for a total value of $182,298.80. Following the transaction, the director directly owned 282,304 shares in the company, valued at approximately $1,496,211.20. This represents a 10.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Andrea Turner also recently made the following trade(s):

• On Tuesday, August 11th, Andrea Turner sold 29,899 shares of Honest stock. The shares were sold at an average price of $5.21, for a total value of $155,773.79.

Honest Trading Down 0.8%

HNST stock opened at $5.03 on Friday. The firm has a market cap of $553.70 million, a P/E ratio of -45.73 and a beta of 2.12. The Honest Company, Inc. has a 12-month low of $2.07 and a 12-month high of $5.84. The stock’s 50 day simple moving average is $3.92 and its 200 day simple moving average is $3.27.

Honest (NASDAQ:HNST) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. The firm had revenue of $80.19 million during the quarter, compared to the consensus estimate of $77.83 million. On average, research analysts forecast that The Honest Company, Inc. will post 0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on HNST. Weiss Ratings raised shares of Honest from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday. Northland Securities set a $5.50 target price on shares of Honest in a report on Thursday, August 6th. Alliance Global Partners restated a “buy” rating on shares of Honest in a research note on Thursday, August 6th. Wall Street Zen upgraded Honest from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Telsey Advisory Group upped their target price on Honest from $4.00 to $5.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Honest currently has a consensus rating of “Hold” and an average target price of $4.84.

Hedge Funds Weigh In On Honest

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP acquired a new stake in shares of Honest in the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd boosted its stake in Honest by 1,392.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company’s stock valued at $26,000 after purchasing an additional 6,599 shares during the period. Amicus Financial Advisors LLC bought a new position in Honest in the 4th quarter worth about $29,000. Hibernia Wealth Partners LLC bought a new position in Honest in the 4th quarter worth about $32,000. Finally, Equity Wealth Partners LLC acquired a new stake in shares of Honest in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

About Honest

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.