Sei Investments Co. Has $1.32 Million Position in The Honest Company, Inc. (NASDAQ:HNST)

Sei Investments Co. grew its stake in The Honest Company, Inc. (NASDAQ:HNST) by 23.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 190,820 shares of the company’s stock after buying an additional 36,294 shares during the period. Sei Investments Co.’s holdings in Honest were worth $1,322,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in Honest during the 3rd quarter valued at approximately $103,000. Charles Schwab Investment Management Inc. increased its position in shares of Honest by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company’s stock worth $805,000 after buying an additional 7,379 shares during the period. FMR LLC raised its stake in Honest by 12.8% during the third quarter. FMR LLC now owns 219,742 shares of the company’s stock worth $784,000 after buying an additional 24,900 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Honest by 74.8% in the third quarter. MetLife Investment Management LLC now owns 37,235 shares of the company’s stock valued at $133,000 after buying an additional 15,930 shares during the period. Finally, Walleye Capital LLC bought a new stake in Honest during the third quarter valued at $260,000. 45.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HNST shares. Loop Capital lowered 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. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price target on shares of Honest in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Honest has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Insider Activity at Honest

In other Honest news, insider Stephen Winchell sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total transaction of $99,600.00. Following the transaction, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total transaction of $182,532.47. Following the transaction, the senior vice president now owns 307,740 shares of the company’s stock, valued at $1,498,693.80. This represents a 10.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.

Honest Price Performance

Shares of HNST opened at $4.18 on Monday. The Honest Company, Inc. has a one year low of $2.40 and a one year high of $8.97. The company has a market cap of $455.24 million, a PE ratio of -104.50 and a beta of 2.44. The stock has a 50-day moving average of $5.48 and a 200-day moving average of $5.60.

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

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.