Honest (NASDAQ:HNST) SVP Sells $19,581.04 in Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 6,236 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $3.14, for a total value of $19,581.04. Following the completion of the transaction, the senior vice president owned 449,155 shares of the company’s stock, valued at approximately $1,410,346.70. This represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Mayle also recently made the following trade(s):

• On Thursday, March 5th, Jonathan Mayle sold 12,725 shares of Honest stock. The stock was sold at an average price of $2.85, for a total value of $36,266.25.

Honest Price Performance

NASDAQ HNST traded up $0.22 on Friday, reaching $3.41. The company had a trading volume of 1,777,147 shares, compared to its average volume of 1,839,630. The firm has a market capitalization of $375.37 million, a PE ratio of -20.06 and a beta of 2.15. The Honest Company, Inc. has a 1 year low of $2.07 and a 1 year high of $5.28. The firm has a 50-day moving average of $3.11 and a 200-day moving average of $2.78.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $76.25 million. Honest had a negative net margin of 5.39% and a positive return on equity of 3.52%. As a group, sell-side analysts expect that The Honest Company, Inc. will post 0.1 EPS for the current fiscal year.

Honest declared that its board has authorized a share repurchase plan on Friday, February 20th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to purchase up to 9.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Honest

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of Honest by 1,392.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company’s stock worth $26,000 after purchasing an additional 6,599 shares during the last quarter. Amicus Financial Advisors LLC bought a new position in shares of Honest during the fourth quarter worth about $29,000. Wealthcare Advisory Partners LLC bought a new position in shares of Honest during the fourth quarter worth about $32,000. Hibernia Wealth Partners LLC bought a new position in shares of Honest during the fourth quarter worth about $32,000. Finally, Equity Wealth Partners LLC bought a new position in shares of Honest during the third quarter worth about $37,000. Institutional investors own 45.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HNST shares. Alliance Global Partners reissued a “buy” rating on shares of Honest in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Honest in a research note on Thursday, January 22nd. Morgan Stanley set a $3.40 target price on Honest in a research note on Thursday, May 7th. Wall Street Zen upgraded Honest from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded Honest from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.47.

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.