The Honest Company, Inc. (NASDAQ:HNST) CEO Carla Vernon Sells 52,751 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) CEO Carla Vernon sold 52,751 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total value of $225,774.28. Following the sale, the chief executive officer now directly owns 2,828,319 shares in the company, valued at approximately $12,105,205.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Honest Stock Performance

Shares of NASDAQ:HNST opened at $4.35 on Friday. The stock has a 50-day simple moving average of $3.35 and a 200-day simple moving average of $3.32. The stock has a market capitalization of $429.08 million, a P/E ratio of -18.91 and a beta of 1.86. The Honest Company, Inc. has a 1 year low of $1.06 and a 1 year high of $4.89.

Honest (NASDAQ:HNST) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). Honest had a negative net margin of 6.27% and a negative return on equity of 17.44%. The firm had revenue of $93.05 million for the quarter, compared to analysts’ expectations of $87.63 million. During the same period in the previous year, the company posted ($0.14) earnings per share. Analysts predict that The Honest Company, Inc. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Northland Capmk raised shares of Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Northland Securities started coverage on shares of Honest in a research note on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 target price for the company. Loop Capital upgraded Honest from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Tuesday, June 25th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $4.00 price objective on shares of Honest in a report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates raised its stake in shares of Honest by 62.6% during the fourth quarter. Raymond James & Associates now owns 34,511 shares of the company’s stock valued at $114,000 after purchasing an additional 13,285 shares during the period. Valmark Advisers Inc. bought a new stake in shares of Honest in the fourth quarter worth $431,000. Jump Financial LLC acquired a new stake in Honest in the fourth quarter valued at $120,000. Wade G W & Inc. boosted its stake in Honest by 6.3% during the 4th quarter. Wade G W & Inc. now owns 197,290 shares of the company’s stock valued at $651,000 after acquiring an additional 11,685 shares during the last quarter. Finally, Green Alpha Advisors LLC grew its holdings in Honest by 1.3% during the 1st quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock worth $1,681,000 after acquiring an additional 5,249 shares in the last quarter. Institutional investors and hedge funds 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.