The Honest Company, Inc. (NASDAQ:HNST) Receives $7.70 Average PT from Brokerages

Shares of The Honest Company, Inc. (NASDAQ:HNST) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.70.

Separately, Telsey Advisory Group restated a “market perform” rating and set a $7.00 price target on shares of Honest in a research report on Thursday.

Honest Price Performance

Shares of HNST opened at $4.84 on Thursday. Honest has a 12 month low of $2.40 and a 12 month high of $8.97. The stock has a market cap of $533.55 million, a PE ratio of -121.00 and a beta of 2.43. The stock’s 50-day moving average is $4.73 and its two-hundred day moving average is $5.75.

Honest (NASDAQ:HNST) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The firm had revenue of $97.25 million for the quarter, compared to analysts’ expectations of $92.46 million. On average, research analysts anticipate that Honest will post -0.07 earnings per share for the current year.

Insider Activity at Honest

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

Institutional Investors Weigh In On Honest

Institutional investors have recently bought and sold shares of the company. Barclays PLC grew its stake in Honest by 298.9% in the third quarter. Barclays PLC now owns 110,386 shares of the company’s stock valued at $394,000 after purchasing an additional 82,713 shares in the last quarter. Virtu Financial LLC bought a new position in Honest during the 3rd quarter worth $219,000. JPMorgan Chase & Co. raised its stake in Honest by 377.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company’s stock worth $2,762,000 after purchasing an additional 611,844 shares in the last quarter. SG Americas Securities LLC raised its holdings in Honest by 47.7% in the 4th quarter. SG Americas Securities LLC now owns 42,229 shares of the company’s stock valued at $293,000 after acquiring an additional 13,644 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Honest during the fourth quarter worth about $115,000. Institutional investors own 45.54% of the company’s stock.

Honest Company 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.