The Honest Company, Inc. (NASDAQ:HNST – Get Free Report) SVP Kunssberg Etienne Von sold 4,544 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $3.34, for a total value of $15,176.96. Following the sale, the senior vice president owned 284,913 shares in the company, valued at approximately $951,609.42. This trade represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Kunssberg Etienne Von also recently made the following trade(s):
- On Wednesday, May 20th, Kunssberg Etienne Von sold 2,651 shares of Honest stock. The shares were sold at an average price of $3.14, for a total value of $8,324.14.
- On Thursday, March 5th, Kunssberg Etienne Von sold 12,179 shares of Honest stock. The shares were sold at an average price of $2.85, for a total value of $34,710.15.
Honest Price Performance
Shares of HNST stock opened at $3.41 on Friday. The business’s 50 day simple moving average is $3.12 and its 200 day simple moving average is $2.78. The Honest Company, Inc. has a one year low of $2.07 and a one year high of $5.28. The stock has a market capitalization of $375.37 million, a PE ratio of -20.06 and a beta of 2.15.
Honest announced that its Board of Directors has approved a stock buyback plan on Friday, February 20th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 9.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Hedge Funds Weigh In On Honest
Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its stake in Honest by 1,392.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company’s stock valued at $26,000 after buying an additional 6,599 shares during the period. Equity Wealth Partners LLC acquired a new position in Honest in the third quarter valued at approximately $37,000. CIBC Bancorp USA Inc. acquired a new position in Honest in the third quarter valued at approximately $39,000. Amicus Financial Advisors LLC acquired a new position in Honest in the fourth quarter valued at approximately $29,000. Finally, State of Wyoming acquired a new position in Honest in the second quarter valued at approximately $61,000. 45.54% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently commented on HNST shares. Wall Street Zen upgraded Honest from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Alliance Global Partners reiterated a “buy” rating on shares of Honest in a report on Thursday, May 7th. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 target price on shares of Honest in a report on Thursday, May 7th. Zacks Research upgraded Honest from a “strong sell” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Morgan Stanley set a $3.40 price target on Honest in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Honest has a consensus rating of “Hold” and a consensus price target of $3.47.
Check Out Our Latest Stock Report on Honest
About Honest
The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.
Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.
Read More
- Five stocks we like better than Honest
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
- MarketBeat Week in Review – 05/18 – 05/22
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
Receive News & Ratings for Honest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honest and related companies with MarketBeat.com's FREE daily email newsletter.
