The Honest Company, Inc. (NASDAQ:HNST) Insider Jessica Warren Sells 253,815 Shares

The Honest Company, Inc. (NASDAQ:HNST) insider Jessica Warren sold 253,815 shares of Honest stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $2.99, for a total value of $758,906.85. Following the transaction, the insider now owns 1,109,489 shares of the company’s stock, valued at $3,317,372.11. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, April 17th, Jessica Warren sold 276,113 shares of Honest stock. The stock was sold at an average price of $3.07, for a total value of $847,666.91.
• On Thursday, March 7th, Jessica Warren sold 23,324 shares of Honest stock. The stock was sold at an average price of $3.24, for a total value of $75,569.76.

Honest Price Performance

Shares of NASDAQ HNST opened at $3.03 on Friday. The Honest Company, Inc. has a 52-week low of $1.06 and a 52-week high of $4.89. The firm has a fifty day moving average of $3.65 and a 200-day moving average of $2.71.

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

Wall Street Analyst Weigh In

HNST has been the subject of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price target on shares of Honest in a report on Wednesday, April 10th. Morgan Stanley boosted their price target on Honest from $1.85 to $4.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Alliance Global Partners initiated coverage on Honest in a report on Tuesday, February 6th. They issued a “buy” rating and a $5.75 price target for the company. Loop Capital cut their price target on Honest from $5.00 to $3.00 and set a “hold” rating for the company in a report on Friday. Finally, Lake Street Capital began coverage on shares of Honest in a research note on Thursday, April 4th. They set a “buy” rating and a $6.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.55.

Institutional Trading of Honest

A number of institutional investors have recently added to or reduced their stakes in HNST. Rhumbline Advisers boosted its position in Honest by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 92,277 shares of the company’s stock valued at $269,000 after buying an additional 3,590 shares during the last quarter. Swiss National Bank raised its stake in shares of Honest by 8.4% in the 1st quarter. Swiss National Bank now owns 64,600 shares of the company’s stock valued at $337,000 after purchasing an additional 5,000 shares in the last quarter. Raymond James & Associates raised its stake in shares of Honest by 19.0% in the 4th quarter. Raymond James & Associates now owns 31,476 shares of the company’s stock valued at $95,000 after purchasing an additional 5,019 shares in the last quarter. Green Alpha Advisors LLC raised 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 valued at $1,681,000 after purchasing an additional 5,249 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Honest by 37.4% in the 2nd quarter. Bank of Montreal Can now owns 19,383 shares of the company’s stock valued at $61,000 after purchasing an additional 5,275 shares in the last quarter. 45.54% of the stock is owned by hedge funds and other institutional investors.

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.