The Honest Company, Inc. (NASDAQ:HNST) CEO Sells $462,749.60 in Stock

The Honest Company, Inc. (NASDAQ:HNST) CEO Carla Vernon sold 65,176 shares of Honest stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total transaction of $462,749.60. Following the completion of the transaction, the chief executive officer now owns 2,763,143 shares in the company, valued at approximately $19,618,315.30. The trade was a 2.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Honest Trading Up 6.5 %

Shares of HNST stock opened at $8.15 on Friday. The company’s fifty day moving average price is $4.32 and its 200-day moving average price is $3.68. The stock has a market cap of $822.82 million, a PE ratio of -203.75 and a beta of 1.85. The Honest Company, Inc. has a 12 month low of $1.83 and a 12 month high of $8.29.

Institutional Investors Weigh In On Honest

Several hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new position in shares of Honest during the first quarter valued at approximately $27,000. Zacks Investment Management bought a new position in Honest during the 3rd quarter valued at approximately $37,000. Creative Planning purchased a new position in Honest during the third quarter valued at $39,000. Wealth Enhancement Advisory Services LLC bought a new stake in Honest in the third quarter worth $40,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Honest in the first quarter worth $52,000. Institutional investors own 45.54% of the company’s stock.

Analyst Upgrades and Downgrades

HNST has been the topic of several analyst reports. Alliance Global Partners lifted their target price on shares of Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. B. Riley boosted their price objective on shares of Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Northland Securities increased their target price on shares of Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Northland Capmk upgraded Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, Telsey Advisory Group increased their price objective on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Honest has an average rating of “Moderate Buy” and an average price target of $5.93.

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.