Green Alpha Advisors LLC Makes New $1.09 Million Investment in The Honest Company, Inc. $HNST

Green Alpha Advisors LLC bought a new stake in shares of The Honest Company, Inc. (NASDAQ:HNST) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 298,272 shares of the company’s stock, valued at approximately $1,092,000. Green Alpha Advisors LLC owned 0.27% of Honest at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Honest during the 2nd quarter worth approximately $25,662,000. Mak Capital One LLC purchased a new stake in Honest in the fourth quarter worth $9,104,000. Balyasny Asset Management L.P. increased its stake in Honest by 796.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,006,646 shares of the company’s stock worth $5,177,000 after purchasing an additional 1,782,742 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Honest by 70.3% during 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 lifted its position in shares of Honest by 77.3% during 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. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Honest news, Director Andrea Turner sold 34,396 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $5.30, for a total transaction of $182,298.80. Following the sale, the director owned 282,304 shares of the company’s stock, valued at approximately $1,496,211.20. This trade represents a 10.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jonathan Mayle sold 79,000 shares of the stock in a transaction on 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 $1,932,209.10. This trade represents a 17.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 143,295 shares of company stock valued at $750,453 in the last three months. 9.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on HNST. Northland Securities set a $5.50 price target on shares of Honest in a report on Thursday, August 6th. Freedom Capital upgraded shares of Honest from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Alliance Global Partners reissued a “buy” rating on shares of Honest in a research report on Thursday, August 6th. B. Riley Financial upped their target price on shares of Honest from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Telsey Advisory Group upped their target price on shares of Honest from $4.00 to $5.00 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.84.

Honest Stock Performance

NASDAQ HNST opened at $5.05 on Friday. The company has a market capitalization of $555.90 million, a price-to-earnings ratio of -45.91 and a beta of 2.12. The company’s 50-day simple moving average is $4.09 and its two-hundred day simple moving average is $3.37. The Honest Company, Inc. has a one year low of $2.07 and a one year high of $5.84.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $77.83 million. Equities analysts expect that The Honest Company, Inc. will post 0.05 earnings per share for the current fiscal year.

Honest 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.