Y Intercept Hong Kong Ltd Purchases New Position in The Honest Company, Inc. (NASDAQ:HNST)

Y Intercept Hong Kong Ltd purchased a new stake in shares of The Honest Company, Inc. (NASDAQ:HNST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 59,037 shares of the company’s stock, valued at approximately $409,000.

Several other institutional investors also recently bought and sold shares of the stock. ArrowMark Colorado Holdings LLC raised its position in Honest by 6.4% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock valued at $11,295,000 after acquiring an additional 191,547 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Honest by 3.8% in the third quarter. Geode Capital Management LLC now owns 1,811,621 shares of the company’s stock valued at $6,468,000 after buying an additional 65,995 shares in the last quarter. State Street Corp increased its position in shares of Honest by 23.0% in the third quarter. State Street Corp now owns 1,181,469 shares of the company’s stock valued at $4,218,000 after buying an additional 220,699 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Honest by 1,504.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 851,436 shares of the company’s stock valued at $3,040,000 after buying an additional 798,384 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Honest by 377.8% in the third quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company’s stock valued at $2,762,000 after buying an additional 611,844 shares in the last quarter. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jessica Warren sold 465,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the completion of the sale, the director now directly owns 1,170,058 shares in the company, valued at approximately $8,833,937.90. This trade represents a 28.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

HNST has been the subject of a number of recent analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 price objective on shares of Honest in a research report on Thursday. Loop Capital cut Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a research report on Tuesday, December 17th. Alliance Global Partners boosted their price objective on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Northland Securities boosted their price objective on Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, B. Riley boosted their price objective on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.93.

Honest Stock Up 7.8 %

Shares of NASDAQ HNST opened at $5.40 on Monday. The firm has a 50-day simple moving average of $6.27 and a 200-day simple moving average of $5.47. The stock has a market capitalization of $588.11 million, a price-to-earnings ratio of -135.00 and a beta of 2.43. The Honest Company, Inc. has a 52 week low of $2.40 and a 52 week high of $8.97.

Honest (NASDAQ:HNST) last issued its earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $99.84 million during the quarter, compared to analysts’ expectations of $96.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. As a group, equities research analysts expect that The Honest Company, Inc. will post -0.07 EPS for the current year.

Honest Profile

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.