Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) Insider Sells 276,113 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Jessica Warren sold 276,113 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $3.07, for a total transaction of $847,666.91. Following the sale, the insider now directly owns 1,629,124 shares in the company, valued at approximately $5,001,410.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jessica Warren also recently made the following trade(s):

• On Friday, April 19th, Jessica Warren sold 253,815 shares of Honest stock. The shares were sold at an average price of $2.99, for a total transaction of $758,906.85.
• On Thursday, March 7th, Jessica Warren sold 23,324 shares of Honest stock. The shares were sold at an average price of $3.24, for a total transaction of $75,569.76.

Honest Stock Performance

Shares of NASDAQ HNST traded down $0.03 during midday trading on Friday, reaching $3.03. The stock had a trading volume of 1,778,905 shares, compared to its average volume of 1,005,422. The stock has a 50-day moving average of $3.66 and a 200-day moving average of $2.70. The company has a market capitalization of $294.00 million, a price-to-earnings ratio of -7.17 and a beta of 1.83. The Honest Company, Inc. has a 12-month low of $1.06 and a 12-month high of $4.89.

Honest (NASDAQ:HNST) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $90.26 million during the quarter, compared to analysts’ expectations of $83.54 million. Honest had a negative net margin of 11.39% and a negative return on equity of 30.36%. As a group, analysts forecast that The Honest Company, Inc. will post -0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Honest

Several institutional investors have recently bought and sold shares of the stock. Cannon Global Investment Management LLC purchased a new position in Honest during the first quarter valued at $122,000. Green Alpha Advisors LLC grew its stake in shares of Honest by 1.3% in the 1st quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock worth $1,681,000 after buying an additional 5,249 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Honest by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 2,582,901 shares of the company’s stock worth $8,524,000 after buying an additional 149,711 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Honest in the 4th quarter worth $75,000. Finally, Wexford Capital LP purchased a new position in shares of Honest in the 4th quarter worth $77,000. 45.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Loop Capital lowered their price objective on shares of Honest from $5.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday. Alliance Global Partners started coverage on shares of Honest in a research report on Tuesday, February 6th. They issued a “buy” rating and a $5.75 price target on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price target on shares of Honest in a research report on Wednesday, April 10th. Lake Street Capital started coverage on shares of Honest in a research report on Thursday, April 4th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Morgan Stanley increased their price target on shares of Honest from $1.85 to $4.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.55.

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.