The Honest Company, Inc. (NASDAQ:HNST) Given Consensus Rating of “Hold” by Brokerages

Shares of The Honest Company, Inc. (NASDAQ:HNST) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.4667.

A number of analysts have recently weighed in on the company. Alliance Global Partners reiterated a “buy” rating on shares of Honest in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Honest in a research note on Tuesday, May 26th. Morgan Stanley set a $3.40 price objective on shares of Honest in a research note on Thursday, May 7th. Zacks Research upgraded shares of Honest from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $4.00 price target on shares of Honest in a report on Thursday, May 7th.

Insiders Place Their Bets

In other Honest news, insider Stephen Winchell sold 12,886 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $3.14, for a total transaction of $40,462.04. Following the completion of the sale, the insider directly owned 483,293 shares in the company, valued at $1,517,540.02. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Sheehey sold 9,784 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $3.14, for a total value of $30,721.76. Following the transaction, the general counsel directly owned 715,888 shares of the company’s stock, valued at $2,247,888.32. This trade represents a 1.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 175,058 shares of company stock valued at $550,591 over the last ninety days. Company insiders own 9.40% of the company’s stock.

Hedge Funds Weigh In On Honest

Several large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew 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 last quarter. Amicus Financial Advisors LLC acquired a new stake in Honest during the 4th quarter worth approximately $29,000. Wealthcare Advisory Partners LLC bought a new stake in Honest during the 4th quarter worth approximately $32,000. Hibernia Wealth Partners LLC acquired a new position in Honest in the 4th quarter valued at approximately $32,000. Finally, Equity Wealth Partners LLC bought a new position in shares of Honest during the third quarter valued at $37,000. 45.54% of the stock is currently owned by institutional investors.

Honest Trading Up 1.3%

NASDAQ HNST traded up $0.05 during trading on Tuesday, reaching $4.01. The company’s stock had a trading volume of 1,472,482 shares, compared to its average volume of 1,241,427. Honest has a 12 month low of $2.07 and a 12 month high of $5.28. The firm has a 50 day moving average price of $3.54 and a 200 day moving average price of $3.00. The firm has a market capitalization of $441.42 million, a price-to-earnings ratio of -23.59 and a beta of 2.11.

Honest (NASDAQ:HNST) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $76.25 million. Honest had a positive return on equity of 3.52% and a negative net margin of 5.39%. On average, equities analysts forecast that Honest will post 0.1 EPS for the current fiscal year.

Honest Company Profile

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.