Honest (NASDAQ:HNST) Director Sells $155,773.79 in Stock

The Honest Company, Inc. (NASDAQ:HNST) Director Andrea Turner sold 29,899 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $5.21, for a total value of $155,773.79. Following the completion of the transaction, the director directly owned 252,405 shares in the company, valued at approximately $1,315,030.05. This represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Andrea Turner also recently made the following trade(s):

• On Monday, August 10th, Andrea Turner sold 34,396 shares of Honest stock. The shares were sold at an average price of $5.30, for a total value of $182,298.80.

Honest Stock Performance

NASDAQ:HNST opened at $5.03 on Friday. The stock has a 50-day simple moving average of $3.92 and a two-hundred day simple moving average of $3.27. The firm has a market capitalization of $553.70 million, a PE ratio of -45.73 and a beta of 2.12. The Honest Company, Inc. has a 52-week low of $2.07 and a 52-week high of $5.84.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%.The firm had revenue of $80.19 million for the quarter, compared to the consensus estimate of $77.83 million. Equities analysts forecast that The Honest Company, Inc. will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Honest

Institutional investors have recently made changes to their positions in the business. Allworth Financial LP bought a new stake in Honest during the 2nd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its stake 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 period. Equity Wealth Partners LLC purchased a new stake in Honest during the 3rd quarter valued at approximately $37,000. CIBC Bancorp USA Inc. purchased a new stake in Honest during the 3rd quarter valued at approximately $39,000. Finally, Amicus Financial Advisors LLC purchased a new position in shares of Honest in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HNST. Northland Securities set a $5.50 target price on shares of Honest in a research note on Thursday, August 6th. Wall Street Zen raised shares of Honest from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Alliance Global Partners restated a “buy” rating on shares of Honest in a research report on Thursday, August 6th. Morgan Stanley raised their price objective on shares of Honest from $3.40 to $5.70 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Weiss Ratings upgraded shares of Honest from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Honest has an average rating of “Hold” and an average target price of $4.84.

Honest Company Profile

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.