Stephen Winchell Sells 20,000 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Stephen Winchell sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total transaction of $99,600.00. Following the completion of the sale, the insider now owns 431,844 shares in the company, valued at $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Honest Trading Up 5.2 %

Shares of Honest stock opened at $5.09 on Friday. The firm has a market capitalization of $554.35 million, a PE ratio of -127.25 and a beta of 2.45. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The business’s 50-day moving average price is $5.90 and its 200-day moving average price is $5.51.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. The firm had revenue of $99.84 million for the quarter, compared to the consensus estimate of $96.46 million. As a group, analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Honest

Several institutional investors have recently added to or reduced their stakes in HNST. Vanguard Group Inc. lifted its stake in shares of Honest by 25.7% in the 4th quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company’s stock valued at $35,671,000 after acquiring an additional 1,052,305 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in Honest by 6.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock valued at $11,295,000 after purchasing an additional 191,547 shares during the period. D. E. Shaw & Co. Inc. raised its position in Honest by 589.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,397,636 shares of the company’s stock valued at $16,616,000 after purchasing an additional 2,049,981 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Honest by 20.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,372,200 shares of the company’s stock worth $16,439,000 after buying an additional 398,603 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Honest by 103.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,046,868 shares of the company’s stock worth $14,185,000 after buying an additional 1,041,040 shares during the last quarter. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research report on Tuesday, December 17th. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 price target on shares of Honest in a research report on Thursday, February 27th. Finally, Northland Securities upped their price objective on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.42.

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.