The Honest Company, Inc. (NASDAQ:HNST) Insider Jessica Warren Sells 253,815 Shares

The Honest Company, Inc. (NASDAQ:HNST) insider Jessica Warren sold 253,815 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $2.99, for a total value of $758,906.85. Following the sale, the insider now owns 1,109,489 shares in the company, valued at approximately $3,317,372.11. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Jessica Warren also recently made the following trade(s):

• On Wednesday, April 17th, Jessica Warren sold 276,113 shares of Honest stock. The stock was sold at an average price of $3.07, for a total value of $847,666.91.
• On Thursday, March 7th, Jessica Warren sold 23,324 shares of Honest stock. The stock was sold at an average price of $3.24, for a total value of $75,569.76.

Honest Stock Performance

Honest stock opened at $3.03 on Monday. The stock has a fifty day moving average of $3.65 and a two-hundred day moving average of $2.73. The company has a market capitalization of $294.00 million, a price-to-earnings ratio of -7.21 and a beta of 1.83. The Honest Company, Inc. has a fifty-two week low of $1.06 and a fifty-two week high of $4.89.

Honest (NASDAQ:HNST) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.09. The company had revenue of $90.26 million during the quarter, compared to the consensus estimate of $83.54 million. Honest had a negative return on equity of 30.36% and a negative net margin of 11.39%. On average, analysts forecast that The Honest Company, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HNST has been the subject of several recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price target on shares of Honest in a report on Wednesday, April 10th. Loop Capital reduced their price objective on Honest from $5.00 to $3.00 and set a “hold” rating for the company in a report on Friday. Morgan Stanley lifted their price objective on Honest from $1.85 to $4.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Alliance Global Partners initiated coverage on Honest in a report on Tuesday, February 6th. They set a “buy” rating and a $5.75 price objective for the company. Finally, Lake Street Capital initiated coverage on Honest in a report on Thursday, April 4th. They set a “buy” rating and a $6.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.55.

Institutional Investors Weigh In On Honest

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its position in shares of Honest by 4.0% in the second quarter. Rhumbline Advisers now owns 92,277 shares of the company’s stock valued at $269,000 after purchasing an additional 3,590 shares during the period. Swiss National Bank grew its position in shares of Honest by 8.4% in the first quarter. Swiss National Bank now owns 64,600 shares of the company’s stock valued at $337,000 after purchasing an additional 5,000 shares during the period. Raymond James & Associates grew its position in shares of Honest by 19.0% in the fourth quarter. Raymond James & Associates now owns 31,476 shares of the company’s stock valued at $95,000 after purchasing an additional 5,019 shares during the period. Green Alpha Advisors LLC grew its position in shares of Honest by 1.3% in the first quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock valued at $1,681,000 after purchasing an additional 5,249 shares during the period. Finally, Bank of Montreal Can grew its position in shares of Honest by 37.4% in the second quarter. Bank of Montreal Can now owns 19,383 shares of the company’s stock valued at $61,000 after purchasing an additional 5,275 shares during the period. Hedge funds and other institutional investors own 45.54% of the company’s stock.

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.