The Honest Company, Inc. (NASDAQ:HNST) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The Honest Company, Inc. (NASDAQ:HNST) have been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.42.

Several brokerages have recently commented on HNST. 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. Northland Securities increased their price target on Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $7.00 price target on shares of Honest in a research note on Thursday, February 27th.

Insider Buying and Selling at Honest

In other news, insider Stephen Winchell sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total transaction of $99,600.00. Following the completion of the sale, the insider now owns 431,844 shares of the company’s stock, valued at $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan Mayle sold 37,481 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total transaction of $182,532.47. Following the completion of the sale, the senior vice president now owns 307,740 shares of the company’s stock, valued at $1,498,693.80. This trade represents a 10.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Institutional Trading of Honest

Several large investors have recently bought and sold shares of the business. Victory Capital Management Inc. acquired a new position in shares of Honest during the 3rd quarter worth approximately $569,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Honest by 216.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company’s stock worth $1,947,000 after buying an additional 372,749 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Honest in the 3rd quarter valued at $103,000. Charles Schwab Investment Management Inc. increased its stake in shares of Honest by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company’s stock worth $805,000 after acquiring an additional 7,379 shares during the last quarter. Finally, Algert Global LLC raised its holdings in shares of Honest by 98.7% during the 3rd quarter. Algert Global LLC now owns 126,122 shares of the company’s stock worth $450,000 after acquiring an additional 62,650 shares during the period. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Honest Stock Performance

Shares of Honest stock opened at $5.02 on Wednesday. The company has a market capitalization of $546.73 million, a PE ratio of -125.50 and a beta of 2.45. The company has a 50-day simple moving average of $5.77 and a two-hundred day simple moving average of $5.54. Honest has a one year low of $2.40 and a one year high of $8.97.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $99.84 million during the quarter, compared to analyst estimates of $96.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. On average, equities analysts predict that Honest will post -0.07 earnings per share for the current fiscal year.

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.