Honest (NASDAQ:HNST) Insider Dorria Ball Sells 6,812 Shares

The Honest Company, Inc. (NASDAQ:HNST) insider Dorria Ball sold 6,812 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $4.99, for a total value of $33,991.88. Following the completion of the sale, the insider owned 418,584 shares in the company, valued at $2,088,734.16. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Honest Stock Performance

Honest stock traded up $0.15 during midday trading on Monday, reaching $5.20. 2,778,794 shares of the company were exchanged, compared to its average volume of 1,883,129. The firm’s 50-day simple moving average is $4.09 and its 200-day simple moving average is $3.37. The Honest Company, Inc. has a 1 year low of $2.07 and a 1 year high of $5.84. The company has a market capitalization of $572.41 million, a price-to-earnings ratio of -47.27 and a beta of 2.12.

Honest (NASDAQ:HNST) last released its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $80.19 million for the quarter, compared to analyst estimates of $77.83 million. On average, analysts forecast that The Honest Company, Inc. will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HNST shares. Telsey Advisory Group raised their target price on shares of Honest from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Northland Securities set a $5.50 price target on Honest in a research note on Thursday, August 6th. Weiss Ratings upgraded Honest from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Wall Street Zen raised Honest from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Freedom Capital raised shares of Honest from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Honest currently has an average rating of “Hold” and an average price target of $4.84.

Institutional Investors Weigh In On Honest

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Honest in the 2nd quarter worth about $25,662,000. Mak Capital One LLC acquired a new position in shares of Honest in the 4th quarter valued at about $9,104,000. Geode Capital Management LLC grew its holdings in shares of Honest by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,323,572 shares of the company’s stock worth $5,996,000 after purchasing an additional 28,579 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Honest by 8.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,259,540 shares of the company’s stock worth $8,315,000 after purchasing an additional 171,425 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in Honest by 796.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,006,646 shares of the company’s stock worth $5,177,000 after purchasing an additional 1,782,742 shares in the last quarter. 45.54% of the stock is currently owned by institutional investors and hedge funds.

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.