Wealth Enhancement Advisory Services LLC Buys Shares of 11,248 The Honest Company, Inc. (NASDAQ:HNST)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of The Honest Company, Inc. (NASDAQ:HNST) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,248 shares of the company’s stock, valued at approximately $40,000.

Several other hedge funds have also bought and sold shares of the stock. Castleview Partners LLC bought a new stake in Honest during the third quarter valued at approximately $71,000. Creative Planning bought a new stake in shares of Honest in the 3rd quarter worth approximately $39,000. Inspire Investing LLC bought a new stake in shares of Honest in the 3rd quarter worth approximately $806,000. CWM LLC lifted its holdings in shares of Honest by 279,400.0% in the 3rd quarter. CWM LLC now owns 22,360 shares of the company’s stock worth $80,000 after acquiring an additional 22,352 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Honest by 24.4% in the 2nd quarter. Algert Global LLC now owns 63,472 shares of the company’s stock worth $185,000 after acquiring an additional 12,437 shares during the last quarter. 45.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Honest

In other Honest news, CEO Carla Vernon sold 52,751 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total transaction of $225,774.28. Following the transaction, the chief executive officer now directly owns 2,828,319 shares of the company’s stock, valued at approximately $12,105,205.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the company’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 sale, the insider now directly owns 9,869,803 shares of the company’s stock, valued at $34,544,310.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carla Vernon sold 52,751 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total transaction of $225,774.28. Following the sale, the chief executive officer now directly owns 2,828,319 shares in the company, valued at $12,105,205.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,461,187 shares of company stock valued at $8,739,880. 8.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HNST shares. Alliance Global Partners boosted their price objective on shares of Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a report on Wednesday. Telsey Advisory Group upped their price target on shares of Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday. Northland Capmk upgraded shares of Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Northland Securities upped their price target on shares of Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a report on Wednesday. Finally, B. Riley upped their price target on shares of Honest from $6.50 to $7.00 and gave the company a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Honest presently has an average rating of “Moderate Buy” and an average target price of $5.93.

Honest Trading Up 25.2 %

Shares of Honest stock opened at $6.01 on Thursday. The company’s fifty day simple moving average is $3.86 and its two-hundred day simple moving average is $3.47. The company has a market cap of $601.48 million, a P/E ratio of -150.25 and a beta of 1.85. The Honest Company, Inc. has a 12-month low of $1.39 and a 12-month high of $6.53.

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.