Stephen Winchell Sells 20,000 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Stephen Winchell sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total transaction of $99,600.00. Following the sale, the insider now directly owns 431,844 shares of the company’s stock, valued at approximately $2,150,583.12. The trade was a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Honest Price Performance

NASDAQ HNST opened at $5.09 on Friday. The business’s fifty day moving average is $5.90 and its 200-day moving average is $5.51. The stock has a market capitalization of $554.35 million, a price-to-earnings ratio of -127.25 and a beta of 2.45. The Honest Company, Inc. has a one year low of $2.40 and a one year high of $8.97.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. The company had revenue of $99.84 million for the quarter, compared to analysts’ expectations of $96.46 million. Research analysts expect that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on HNST shares. Loop Capital lowered Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a report on Tuesday, December 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price target on shares of Honest in a research report on Thursday, February 27th. Finally, Northland Securities lifted their price objective on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.42.

Institutional Investors Weigh In On Honest

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Honest by 25.7% in the fourth quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company’s stock worth $35,671,000 after purchasing an additional 1,052,305 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its stake in Honest by 6.4% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock valued at $11,295,000 after buying an additional 191,547 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Honest by 589.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,397,636 shares of the company’s stock valued at $16,616,000 after acquiring an additional 2,049,981 shares during the period. Renaissance Technologies LLC lifted its position in shares of Honest by 20.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,372,200 shares of the company’s stock worth $16,439,000 after acquiring an additional 398,603 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Honest by 103.5% in the fourth quarter. Nuveen Asset Management LLC now owns 2,046,868 shares of the company’s stock worth $14,185,000 after acquiring an additional 1,041,040 shares during the period. 45.54% of the stock is currently owned by institutional investors.

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.