Kunssberg Etienne Von Sells 4,544 Shares of Honest (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Kunssberg Etienne Von sold 4,544 shares of Honest stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.34, for a total value of $15,176.96. Following the transaction, the senior vice president owned 284,913 shares of the company’s stock, valued at $951,609.42. This represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kunssberg Etienne Von also recently made the following trade(s):

• On Wednesday, May 20th, Kunssberg Etienne Von sold 2,651 shares of Honest stock. The stock was sold at an average price of $3.14, for a total value of $8,324.14.
• On Thursday, March 5th, Kunssberg Etienne Von sold 12,179 shares of Honest stock. The stock was sold at an average price of $2.85, for a total value of $34,710.15.

Honest Trading Up 6.9%

Shares of NASDAQ HNST opened at $3.41 on Friday. The Honest Company, Inc. has a 12 month low of $2.07 and a 12 month high of $5.28. The stock has a 50 day moving average of $3.12 and a 200-day moving average of $2.78. The company has a market capitalization of $375.37 million, a P/E ratio of -20.06 and a beta of 2.15.

Honest (NASDAQ:HNST) last issued its earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Honest had a positive return on equity of 3.52% and a negative net margin of 5.39%.The company had revenue of $78.10 million during the quarter, compared to the consensus estimate of $76.25 million. Analysts predict that The Honest Company, Inc. will post 0.1 EPS for the current fiscal year.

Honest announced that its board has initiated a stock buyback plan on Friday, February 20th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to purchase up to 9.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Honest

A number of institutional investors have recently modified their holdings of HNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Honest by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company’s stock valued at $235,000 after acquiring an additional 3,210 shares during the period. Millennium Management LLC lifted its position in shares of Honest by 16.4% during the 1st quarter. Millennium Management LLC now owns 1,936,846 shares of the company’s stock valued at $9,103,000 after acquiring an additional 272,765 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Honest by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,064,179 shares of the company’s stock worth $5,002,000 after buying an additional 163,380 shares in the last quarter. Creative Planning raised its holdings in shares of Honest by 183.2% during the 2nd quarter. Creative Planning now owns 64,942 shares of the company’s stock worth $331,000 after buying an additional 42,008 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Honest by 18.1% during the 2nd quarter. Rhumbline Advisers now owns 134,690 shares of the company’s stock worth $686,000 after buying an additional 20,603 shares in the last quarter. 45.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wall Street Zen upgraded Honest from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Alliance Global Partners restated a “buy” rating on shares of Honest in a research note on Thursday, May 7th. Zacks Research upgraded Honest from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 26th. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 price target on shares of Honest in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $3.40 price target on Honest in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.47.

About Honest

The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.