Verition Fund Management LLC Has $182,000 Stock Holdings in The Honest Company, Inc. (NASDAQ:HNST)

Verition Fund Management LLC trimmed its position in The Honest Company, Inc. (NASDAQ:HNST) by 34.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,000 shares of the company’s stock after selling 26,400 shares during the quarter. Verition Fund Management LLC’s holdings in Honest were worth $182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd grew its position in shares of Honest by 7.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 80,544 shares of the company’s stock worth $288,000 after buying an additional 5,330 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Honest by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company’s stock worth $805,000 after acquiring an additional 7,379 shares during the period. XTX Topco Ltd raised its position in shares of Honest by 6.4% during the 2nd quarter. XTX Topco Ltd now owns 137,797 shares of the company’s stock valued at $402,000 after acquiring an additional 8,282 shares during the last quarter. Creative Planning acquired a new position in shares of Honest in the 3rd quarter valued at $39,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Honest in the 3rd quarter worth $40,000. 45.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, General Counsel Brendan Sheehey sold 8,392 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total transaction of $59,583.20. Following the completion of the transaction, the general counsel now directly owns 516,816 shares in the company, valued at $3,669,393.60. This represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $3.50, for a total value of $8,050,000.00. Following the completion of the transaction, the insider now owns 9,869,803 shares of the company’s stock, valued at $34,544,310.50. The trade was a 18.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,099,818 shares of company stock valued at $14,025,421. Company insiders own 8.60% of the company’s stock.

Honest Stock Up 5.2 %

Honest stock opened at $7.43 on Tuesday. The company has a 50 day moving average of $5.69 and a 200-day moving average of $4.26. The Honest Company, Inc. has a twelve month low of $2.40 and a twelve month high of $8.97. The stock has a market capitalization of $750.14 million, a PE ratio of -185.75 and a beta of 2.42.

Analyst Upgrades and Downgrades

HNST has been the topic of several analyst reports. Northland Securities increased their target price on Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Telsey Advisory Group increased their price target on shares of Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Alliance Global Partners boosted their price objective on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, B. Riley increased 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. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.21.

Honest 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.