Marshall Wace LLP Sells 200,193 Shares of The Honest Company, Inc. (NASDAQ:HNST)

Marshall Wace LLP decreased its stake in shares of The Honest Company, Inc. (NASDAQ:HNST) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,470,924 shares of the company’s stock after selling 200,193 shares during the quarter. Marshall Wace LLP’s holdings in Honest were worth $4,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in Honest during the first quarter worth $27,000. Panagora Asset Management Inc. acquired a new position in shares of Honest during the 2nd quarter worth about $43,000. Lazard Asset Management LLC bought a new stake in shares of Honest in the 1st quarter valued at about $52,000. SG Americas Securities LLC acquired a new stake in Honest in the 1st quarter valued at about $93,000. Finally, Cannon Global Investment Management LLC bought a new position in Honest during the first quarter worth about $122,000. Institutional investors own 45.54% of the company’s stock.

Insider Buying and Selling at Honest

In other news, EVP Stephen Winchell sold 6,938 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total transaction of $29,694.64. Following the completion of the sale, the executive vice president now owns 414,736 shares of the company’s stock, valued at approximately $1,775,070.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Stephen Winchell sold 6,938 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total transaction of $29,694.64. Following the completion of the transaction, the executive vice president now owns 414,736 shares of the company’s stock, valued at approximately $1,775,070.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $3.50, for a total value of $8,050,000.00. Following the sale, the insider now owns 9,869,803 shares of the company’s stock, valued at $34,544,310.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,531,187 shares of company stock valued at $9,018,480 in the last ninety days. 8.60% of the stock is currently owned by company insiders.

Honest Stock Down 0.6 %

Shares of Honest stock opened at $3.55 on Wednesday. The stock has a market capitalization of $350.16 million, a price-to-earnings ratio of -15.43 and a beta of 1.90. The Honest Company, Inc. has a twelve month low of $1.06 and a twelve month high of $4.89. The company has a 50-day simple moving average of $3.91 and a two-hundred day simple moving average of $3.41.

Honest (NASDAQ:HNST) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $93.05 million for the quarter, compared to the consensus estimate of $87.63 million. Honest had a negative return on equity of 10.00% and a negative net margin of 3.50%. During the same quarter in the prior year, the business posted ($0.14) earnings per share. On average, sell-side analysts anticipate that The Honest Company, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HNST has been the topic of a number of research analyst reports. Northland Securities assumed coverage on Honest in a research note on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 price target on the stock. Loop Capital upgraded shares of Honest from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Tuesday, June 25th. Northland Capmk upgraded shares of Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, B. Riley started coverage on shares of Honest in a research report on Tuesday, September 10th. They set a “buy” rating and a $6.50 price objective for the company. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.04.

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.