Northland Capmk Has Optimistic Outlook of Honest Q1 Earnings

The Honest Company, Inc. (NASDAQ:HNST) – Equities research analysts at Northland Capmk upped their Q1 2025 EPS estimates for shares of Honest in a research report issued on Wednesday, November 13th. Northland Capmk analyst O. Rickert now anticipates that the company will post earnings of $0.00 per share for the quarter, up from their prior estimate of ($0.01). Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Honest’s current full-year earnings is ($0.10) per share. Northland Capmk also issued estimates for Honest’s Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.01 EPS and Q4 2025 earnings at $0.01 EPS.

HNST has been the topic of several other research reports. Northland Securities boosted their price target on shares of Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday. Telsey Advisory Group boosted their price objective on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday. Alliance Global Partners lifted their target price on Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, B. Riley raised their price target on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.93.

Honest Trading Up 6.3 %

Shares of Honest stock opened at $6.91 on Friday. Honest has a 12 month low of $1.40 and a 12 month high of $7.14. The stock has a 50 day moving average of $3.96 and a 200 day moving average of $3.52. The firm has a market cap of $697.64 million, a PE ratio of -172.75 and a beta of 1.85.

Hedge Funds Weigh In On Honest

A number of hedge funds and other institutional investors have recently made changes to their positions in HNST. EntryPoint Capital LLC purchased a new stake in Honest in the first quarter worth about $27,000. Zacks Investment Management bought a new stake in shares of Honest in the 3rd quarter valued at about $37,000. Creative Planning purchased a new stake in shares of Honest in the 3rd quarter worth approximately $39,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Honest during the third quarter valued at approximately $40,000. Finally, Panagora Asset Management Inc. purchased a new position in Honest during the second quarter valued at approximately $43,000. Institutional investors own 45.54% of the company’s stock.

Insider Transactions at Honest

In other news, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $3.50, for a total transaction of $8,050,000.00. Following the transaction, the insider now directly owns 9,869,803 shares of the company’s stock, valued at approximately $34,544,310.50. This trade represents a 18.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen Winchell sold 6,938 shares of Honest 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 sale, the executive vice president now directly owns 414,736 shares of the company’s stock, valued at $1,775,070.08. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,461,187 shares of company stock worth $8,739,880. 8.60% of the stock is currently owned by insiders.

About Honest

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.