Honest’s (HNST) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Honest (NASDAQ:HNST) in a research note published on Thursday,Benzinga reports. Telsey Advisory Group currently has a $7.00 price objective on the stock. Telsey Advisory Group also issued estimates for Honest’s Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.01 EPS and FY2026 earnings at $0.05 EPS.

A number of other equities analysts have also weighed in on HNST. Northland Securities upped their target price on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. B. Riley increased their price objective on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Loop Capital cut Honest from a “buy” rating to a “hold” rating and set a $7.00 target price on the stock. in a research note on Tuesday, December 17th. Finally, Alliance Global Partners raised their price target 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. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Honest has an average rating of “Moderate Buy” and a consensus target price of $6.93.

Honest Price Performance

Shares of Honest stock opened at $5.01 on Thursday. Honest has a 1 year low of $2.40 and a 1 year high of $8.97. The company has a market capitalization of $505.81 million, a P/E ratio of -125.25 and a beta of 2.43. The business has a 50-day moving average of $6.30 and a two-hundred day moving average of $5.44.

Honest (NASDAQ:HNST) last announced its earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $99.84 million for the quarter, compared to the consensus estimate of $96.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. On average, equities analysts anticipate that Honest will post -0.07 EPS for the current fiscal year.

Insider Activity at Honest

In related news, Director Jessica Warren sold 465,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total value of $3,510,750.00. Following the completion of the sale, the director now directly owns 1,170,058 shares in the company, valued at approximately $8,833,937.90. This trade represents a 28.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.60% of the stock is owned by company insiders.

Institutional Trading of Honest

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in Honest during the fourth quarter worth $26,000. New York State Teachers Retirement System bought a new stake in Honest in the 4th quarter valued at about $52,000. Zacks Investment Management acquired a new position in Honest in the 3rd quarter valued at $37,000. Creative Planning bought a new stake in Honest during the third quarter worth about $39,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Honest during the 3rd quarter worth approximately $40,000. Institutional investors own 45.54% of the company’s stock.

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.