Honest FY2025 EPS Forecast Reduced by Telsey Advisory Group

The Honest Company, Inc. (NASDAQ:HNST) – Stock analysts at Telsey Advisory Group dropped their FY2025 earnings estimates for shares of Honest in a research note issued on Thursday, November 6th. Telsey Advisory Group analyst D. Telsey now anticipates that the company will earn $0.08 per share for the year, down from their prior forecast of $0.12. Telsey Advisory Group has a “Market Perform” rating and a $3.00 price target on the stock. The consensus estimate for Honest’s current full-year earnings is ($0.07) per share. Telsey Advisory Group also issued estimates for Honest’s Q4 2025 earnings at $0.02 EPS and FY2026 earnings at $0.08 EPS.

Honest (NASDAQ:HNST) last announced its earnings results on Wednesday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Honest had a return on equity of 3.92% and a net margin of 1.85%.The business had revenue of $92.57 million during the quarter, compared to analyst estimates of $99.43 million. Honest has set its FY 2025 guidance at EPS.

A number of other research analysts have also recently commented on HNST. Morgan Stanley cut their price target on shares of Honest from $5.50 to $4.25 and set an “equal weight” rating on the stock in a report on Friday, August 15th. B. Riley reaffirmed a “buy” rating on shares of Honest in a research note on Thursday. Zacks Research raised Honest from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Lake Street Capital lowered Honest from a “buy” rating to a “hold” rating and set a $3.00 target price for the company. in a research report on Thursday. Finally, Weiss Ratings lowered Honest from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.96.

Honest Stock Down 29.4%

Shares of Honest stock opened at $2.33 on Friday. The stock’s fifty day moving average is $3.73 and its two-hundred day moving average is $4.34. Honest has a 52 week low of $2.31 and a 52 week high of $8.97. The company has a market capitalization of $259.26 million, a PE ratio of 38.83 and a beta of 2.28.

Institutional Trading of Honest

Large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Honest by 57.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,757 shares of the company’s stock worth $83,000 after buying an additional 6,513 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Honest by 138.2% in the 1st quarter. Bank of New York Mellon Corp now owns 899,726 shares of the company’s stock worth $4,229,000 after acquiring an additional 522,002 shares during the last quarter. Cerity Partners LLC acquired a new stake in Honest during the 1st quarter worth about $90,000. Victory Capital Management Inc. grew its stake in Honest by 98.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,073,471 shares of the company’s stock valued at $14,445,000 after purchasing an additional 1,527,080 shares during the last quarter. Finally, Bailard Inc. acquired a new position in shares of Honest in the first quarter valued at about $78,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Insider Buying and Selling at Honest

In related news, General Counsel Brendan Sheehey sold 12,059 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $3.65, for a total transaction of $44,015.35. Following the transaction, the general counsel directly owned 568,588 shares in the company, valued at $2,075,346.20. The trade was a 2.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Winchell sold 10,841 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $3.65, for a total value of $39,569.65. Following the completion of the sale, the insider directly owned 410,257 shares of the company’s stock, valued at approximately $1,497,438.05. This represents a 2.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 131,890 shares of company stock worth $481,399 over the last three months. Corporate insiders own 8.90% 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.