The Honest Company, Inc. (NASDAQ:HNST) Position Raised by Barclays PLC

Barclays PLC lifted its position in shares of The Honest Company, Inc. (NASDAQ:HNST) by 298.9% in the 3rd quarter, Holdings Channel reports. The fund owned 110,386 shares of the company’s stock after buying an additional 82,713 shares during the period. Barclays PLC’s holdings in Honest were worth $394,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Zacks Investment Management acquired a new position in Honest during the 3rd quarter valued at about $37,000. Creative Planning acquired a new stake in shares of Honest in the third quarter valued at approximately $39,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Honest during the third quarter valued at approximately $40,000. Castleview Partners LLC acquired a new position in shares of Honest during the third quarter worth approximately $71,000. Finally, US Bancorp DE bought a new position in Honest in the 3rd quarter worth approximately $78,000. Institutional investors own 45.54% of the company’s stock.

Honest Stock Down 1.8 %

NASDAQ:HNST opened at $6.67 on Friday. The business’s 50-day moving average price is $6.58 and its 200 day moving average price is $4.64. The Honest Company, Inc. has a 52-week low of $2.40 and a 52-week high of $8.97. The firm has a market cap of $673.41 million, a P/E ratio of -166.75 and a beta of 2.42.

Analyst Ratings Changes

Several analysts have weighed in on the company. Telsey Advisory Group lifted their target price on Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Loop Capital cut shares of Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, December 17th. Alliance Global Partners increased their target price on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. B. Riley boosted their price target on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Northland Securities upped their price target on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Honest presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.79.

Insider Activity

In other news, General Counsel Brendan Sheehey sold 8,392 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total transaction of $59,583.20. Following the completion of the sale, the general counsel now directly owns 516,816 shares of the company’s stock, valued at $3,669,393.60. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen Winchell sold 7,123 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total value of $50,573.30. Following the sale, the executive vice president now owns 382,613 shares in the company, valued at approximately $2,716,552.30. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 799,818 shares of company stock worth $5,975,421. Corporate insiders own 8.60% of the company’s stock.

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.