The Honest Company, Inc. (NASDAQ:HNST) Given Average Rating of “Hold” by Analysts

The Honest Company, Inc. (NASDAQ:HNST) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $5.10.

A number of brokerages have recently weighed in on HNST. Morgan Stanley lowered their price target on Honest from $4.25 to $3.00 and set an “equal weight” rating for the company in a report on Wednesday, November 19th. Weiss Ratings lowered shares of Honest from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Zacks Research downgraded shares of Honest from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Lake Street Capital lowered shares of Honest from a “buy” rating to a “hold” rating and set a $3.00 price target for the company. in a report on Thursday, November 6th. Finally, Telsey Advisory Group dropped their price objective on shares of Honest from $6.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, November 6th.

Honest Stock Performance

Shares of HNST stock opened at $2.71 on Monday. The stock has a market capitalization of $302.39 million, a price-to-earnings ratio of 45.08 and a beta of 2.28. Honest has a one year low of $2.31 and a one year high of $8.87. The company’s 50-day simple moving average is $3.29 and its 200-day simple moving average is $4.10.

Honest (NASDAQ:HNST) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Honest had a return on equity of 3.86% and a net margin of 1.85%.The firm had revenue of $92.57 million during the quarter, compared to analyst estimates of $99.43 million. Honest has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Honest will post -0.07 EPS for the current year.

Insider Buying and Selling

In other Honest news, CEO Carla Vernon sold 97,505 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $2.60, for a total value of $253,513.00. Following the sale, the chief executive officer directly owned 2,901,488 shares of the company’s stock, valued at $7,543,868.80. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Winchell sold 10,595 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $2.60, for a total value of $27,547.00. Following the completion of the sale, the insider owned 399,662 shares in the company, valued at $1,039,121.20. The trade was a 2.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Honest

Several hedge funds have recently bought and sold shares of HNST. Caitong International Asset Management Co. Ltd grew its position in Honest by 1,392.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company’s stock worth $26,000 after purchasing an additional 6,599 shares during the last quarter. Summit Securities Group LLC boosted its position in shares of Honest by 6,101.8% during the first quarter. Summit Securities Group LLC now owns 6,822 shares of the company’s stock worth $32,000 after buying an additional 6,712 shares during the period. Equity Wealth Partners LLC acquired a new position in shares of Honest during the third quarter worth approximately $37,000. CIBC Bancorp USA Inc. bought a new position in Honest in the 3rd quarter worth approximately $39,000. Finally, Strategic Blueprint LLC acquired a new stake in Honest in the 2nd quarter valued at approximately $52,000. 45.54% of the stock is currently owned by 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.