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

The Honest Company, Inc. (NASDAQ:HNST) insider Jessica Warren sold 276,113 shares of Honest stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $3.07, for a total transaction of $847,666.91. Following the transaction, the insider now owns 1,629,124 shares in the company, valued at approximately $5,001,410.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 Trading Down 1.0 %

Shares of NASDAQ:HNST opened at $3.03 on Friday. The Honest Company, Inc. has a 12 month low of $1.06 and a 12 month high of $4.89. The firm’s 50-day moving average is $3.65 and its 200 day moving average is $2.71.

Honest (NASDAQ:HNST) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. The company 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%. Sell-side analysts anticipate that The Honest Company, Inc. will post -0.18 earnings per share for the current year.

Institutional Investors Weigh In On Honest

Several large investors have recently added to or reduced their stakes in HNST. XTX Topco Ltd purchased a new stake in Honest in the 2nd quarter valued at about $26,000. Tower Research Capital LLC TRC purchased a new stake in shares of Honest in the 3rd quarter worth approximately $41,000. LPL Financial LLC purchased a new stake in shares of Honest in the 2nd quarter worth approximately $60,000. Point72 Hong Kong Ltd purchased a new stake in shares of Honest in the 1st quarter worth approximately $61,000. Finally, Bank of Montreal Can lifted its position 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 worth $61,000 after purchasing an additional 5,275 shares during the period. 45.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HNST shares. 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. Alliance Global Partners initiated coverage on shares of Honest in a report on Tuesday, February 6th. They issued a “buy” rating and a $5.75 target price on the stock. Morgan Stanley boosted their target price on shares of Honest from $1.85 to $4.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Loop Capital reduced their target price on shares of Honest from $5.00 to $3.00 and set a “hold” rating on the stock in a report on Friday. Finally, Lake Street Capital initiated coverage on shares of Honest in a report on Thursday, April 4th. They issued a “buy” rating and a $6.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Honest 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.