The Honest Company, Inc. (NASDAQ:HNST) Insider Jessica Warren Sells 276,113 Shares

The Honest Company, Inc. (NASDAQ:HNST) insider Jessica Warren sold 276,113 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $3.07, for a total transaction of $847,666.91. Following the completion of the sale, the insider now directly owns 1,629,124 shares of the company’s stock, valued at approximately $5,001,410.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, April 19th, Jessica Warren sold 253,815 shares of Honest stock. The shares were sold at an average price of $2.99, for a total transaction of $758,906.85.
• On Thursday, March 7th, Jessica Warren sold 23,324 shares of Honest stock. The shares were sold at an average price of $3.24, for a total transaction of $75,569.76.

Honest Stock Performance

NASDAQ HNST traded down $0.03 during trading on Friday, hitting $3.03. 1,778,905 shares of the company’s stock traded hands, compared to its average volume of 1,005,422. The stock has a market capitalization of $294.00 million, a price-to-earnings ratio of -7.17 and a beta of 1.83. The Honest Company, Inc. has a 12-month low of $1.06 and a 12-month high of $4.89. The business has a 50 day moving average of $3.66 and a 200-day moving average of $2.70.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Honest

Institutional investors and hedge funds have recently modified their holdings of the company. Pathstone Family Office LLC lifted its holdings in shares of Honest by 159.4% in the third quarter. Pathstone Family Office LLC now owns 64,860 shares of the company’s stock worth $82,000 after buying an additional 39,860 shares in the last quarter. Green Alpha Advisors LLC lifted its holdings in shares of Honest by 62.5% in the fourth quarter. Green Alpha Advisors LLC now owns 409,899 shares of the company’s stock worth $1,353,000 after buying an additional 157,604 shares in the last quarter. Barclays PLC bought a new position in shares of Honest in the third quarter worth approximately $110,000. GSA Capital Partners LLP increased its position in shares of Honest by 25.3% in the third quarter. GSA Capital Partners LLP now owns 1,078,733 shares of the company’s stock worth $1,359,000 after purchasing an additional 217,721 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of Honest in the third quarter worth approximately $89,000. 45.54% of the stock is owned by hedge funds and other institutional investors.

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.