Honest (NASDAQ:HNST) SVP Sells 6,161 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 6,161 shares of Honest stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $4.99, for a total transaction of $30,743.39. Following the completion of the transaction, the senior vice president directly owned 363,994 shares in the company, valued at $1,816,330.06. This represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 10th, Jonathan Mayle sold 79,000 shares of Honest stock. The stock was sold at an average price of $5.22, for a total value of $412,380.00.

Honest Trading Up 3.0%

Shares of HNST traded up $0.15 during midday trading on Monday, hitting $5.20. 2,778,794 shares of the company’s stock traded hands, compared to its average volume of 1,883,129. The stock has a market capitalization of $572.41 million, a price-to-earnings ratio of -47.27 and a beta of 2.12. The Honest Company, Inc. has a 1 year low of $2.07 and a 1 year high of $5.84. The firm’s fifty day moving average is $4.09 and its 200-day moving average is $3.37.

Honest (NASDAQ:HNST) last announced its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%.The firm had revenue of $80.19 million for the quarter, compared to the consensus estimate of $77.83 million. On average, equities research analysts anticipate that The Honest Company, Inc. will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HNST. Allworth Financial LP purchased a new position in shares of Honest in the second quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 period. Amicus Financial Advisors LLC purchased a new stake in Honest in the fourth quarter valued at approximately $29,000. Hibernia Wealth Partners LLC purchased a new stake in Honest in the fourth quarter valued at approximately $32,000. Finally, Legal & General Group Plc acquired a new position in Honest in the 2nd quarter worth approximately $36,000. 45.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HNST. Morgan Stanley boosted their price target on Honest from $3.40 to $5.70 and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Northland Securities set a $5.50 target price on shares of Honest in a research note on Thursday, August 6th. Weiss Ratings raised shares of Honest from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Freedom Capital upgraded shares of Honest from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Honest from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.84.

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.