Q1 EPS Estimates for Honest Boosted by Northland Securities

The Honest Company, Inc. (NASDAQ:HNST) – Equities research analysts at Northland Securities increased their Q1 2027 earnings estimates for Honest in a report issued on Thursday, August 6th. Northland Securities analyst O. Rickert now anticipates that the company will earn $0.02 per share for the quarter, up from their prior estimate of $0.01. The consensus estimate for Honest’s current full-year earnings is $0.09 per share.

Several other research firms also recently weighed in on HNST. Freedom Capital upgraded Honest from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Honest from a “hold” rating to a “buy” rating in a research report on Saturday. Alliance Global Partners reaffirmed a “buy” rating on shares of Honest in a research note on Thursday, August 6th. B. Riley Financial lifted their price objective on Honest from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Honest in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.38.

Honest Price Performance

NASDAQ:HNST opened at $5.21 on Monday. The firm has a market capitalization of $573.52 million, a price-to-earnings ratio of -47.36 and a beta of 2.12. Honest has a one year low of $2.07 and a one year high of $5.84. The business has a fifty day moving average price of $3.85 and a 200-day moving average price of $3.23.

Honest (NASDAQ:HNST) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. The business had revenue of $80.19 million for the quarter, compared to analysts’ expectations of $77.83 million.

Insider Buying and Selling

In other Honest news, CFO Curtiss James Bruce III sold 12,669 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $3.14, for a total value of $39,780.66. Following the completion of the sale, the chief financial officer owned 526,157 shares in the company, valued at approximately $1,652,132.98. This represents a 2.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jonathan Mayle sold 79,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $5.22, for a total value of $412,380.00. Following the sale, the senior vice president directly owned 370,155 shares in the company, valued at approximately $1,932,209.10. This represents a 17.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 318,353 shares of company stock worth $1,301,044 in the last three months. Corporate insiders own 9.40% of the company’s stock.

Institutional Trading of Honest

Several institutional investors and hedge funds have recently added to or reduced their stakes in HNST. BlackRock Inc. purchased a new stake in Honest in the 2nd quarter worth $25,662,000. Mak Capital One LLC purchased a new position in shares of Honest during the fourth quarter valued at about $9,104,000. Balyasny Asset Management L.P. grew its position in shares of Honest by 796.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,006,646 shares of the company’s stock valued at $5,177,000 after purchasing an additional 1,782,742 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Honest by 70.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,520,331 shares of the company’s stock worth $3,922,000 after purchasing an additional 627,537 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Honest by 77.3% in the fourth quarter. UBS Group AG now owns 1,014,939 shares of the company’s stock worth $2,619,000 after purchasing an additional 442,542 shares during the last quarter. Institutional investors own 45.54% of the company’s stock.

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.