Honest (NASDAQ:HNST) Insider Sells $27,547.00 in Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Stephen Winchell sold 10,595 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $2.60, for a total transaction of $27,547.00. Following the completion of the transaction, the insider owned 399,662 shares in the company, valued at $1,039,121.20. This represents a 2.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Honest Stock Down 0.4%

Shares of Honest stock traded down $0.01 during trading hours on Friday, hitting $2.52. 3,088,518 shares of the company’s stock traded hands, compared to its average volume of 3,262,342. The Honest Company, Inc. has a twelve month low of $2.31 and a twelve month high of $8.97. The company has a market cap of $281.71 million, a PE ratio of 42.00 and a beta of 2.28. The stock has a 50 day simple moving average of $3.46 and a 200-day simple moving average of $4.20.

Honest (NASDAQ:HNST) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Honest had a return on equity of 3.86% and a net margin of 1.85%.The firm had revenue of $92.57 million during the quarter, compared to the consensus estimate of $99.43 million. Honest has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that The Honest Company, Inc. will post -0.07 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on HNST. Morgan Stanley decreased their price target on shares of Honest from $4.25 to $3.00 and set an “equal weight” rating for the company in a research report on Wednesday. Weiss Ratings downgraded shares of Honest from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Lake Street Capital lowered shares of Honest from a “buy” rating to a “hold” rating and set a $3.00 price objective for the company. in a report on Thursday, November 6th. B. Riley restated a “buy” rating on shares of Honest in a research note on Thursday, November 6th. Finally, Zacks Research cut shares of Honest from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Honest presently has an average rating of “Hold” and a consensus target price of $5.10.

Institutional Trading of Honest

Institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Honest by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company’s stock worth $235,000 after buying an additional 3,210 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Honest by 18.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,366 shares of the company’s stock worth $81,000 after acquiring an additional 3,365 shares during the period. Osaic Holdings Inc. lifted its holdings in Honest by 33.9% in the second quarter. Osaic Holdings Inc. now owns 14,577 shares of the company’s stock worth $74,000 after acquiring an additional 3,693 shares during the last quarter. Inspire Investing LLC lifted its holdings in Honest by 5.1% in the second quarter. Inspire Investing LLC now owns 76,206 shares of the company’s stock worth $388,000 after acquiring an additional 3,730 shares during the last quarter. Finally, CWM LLC boosted its stake in Honest by 17.1% in the third quarter. CWM LLC now owns 27,342 shares of the company’s stock valued at $101,000 after acquiring an additional 3,985 shares during the period. Institutional investors own 45.54% of the company’s stock.

About Honest

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.