Stephen Winchell Sells 20,000 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Stephen Winchell sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total transaction of $99,600.00. Following the completion of the transaction, the insider now directly owns 431,844 shares in the company, valued at $2,150,583.12. The trade was a 4.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Honest Price Performance

Shares of NASDAQ:HNST opened at $5.09 on Friday. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The firm has a market capitalization of $554.35 million, a price-to-earnings ratio of -127.25 and a beta of 2.45. The business’s 50 day simple moving average is $5.90 and its 200-day simple moving average is $5.50.

Honest (NASDAQ:HNST) last posted its earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $99.84 million for the quarter, compared to analyst estimates of $96.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. On average, equities analysts anticipate that The Honest Company, Inc. will post -0.07 earnings per share for the current year.

Institutional Trading of Honest

Large investors have recently modified their holdings of the business. Valmark Advisers Inc. boosted its stake in shares of Honest by 1.7% during the 4th quarter. Valmark Advisers Inc. now owns 163,015 shares of the company’s stock worth $1,130,000 after purchasing an additional 2,735 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Honest by 6.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,706 shares of the company’s stock worth $324,000 after acquiring an additional 2,761 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Honest during the fourth quarter worth about $26,000. Dynamic Technology Lab Private Ltd lifted its stake in shares of Honest by 7.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 80,544 shares of the company’s stock valued at $288,000 after purchasing an additional 5,330 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Honest by 30.1% during the 4th quarter. Legal & General Group Plc now owns 26,571 shares of the company’s stock worth $184,000 after purchasing an additional 6,146 shares in the last quarter. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HNST shares. Northland Securities boosted their price target on shares of Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a report on Tuesday, December 17th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price target on shares of Honest in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.42.

Honest Company 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.