Nia Impact Advisors LLC Makes New Investment in The Honest Company, Inc. (NASDAQ:HNST)

Nia Impact Advisors LLC bought a new position in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 276,222 shares of the company's stock, valued at approximately $1,914,000. Nia Impact Advisors LLC owned 0.27% of Honest at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Honest by 298.9% in the 3rd quarter. Barclays PLC now owns 110,386 shares of the company's stock valued at $394,000 after acquiring an additional 82,713 shares during the period. JPMorgan Chase & Co. raised its position in Honest by 377.8% in the third quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company's stock valued at $2,762,000 after purchasing an additional 611,844 shares during the period. SG Americas Securities LLC raised its position in Honest by 47.7% in the fourth quarter. SG Americas Securities LLC now owns 42,229 shares of the company's stock valued at $293,000 after purchasing an additional 13,644 shares during the period. Entropy Technologies LP acquired a new position in shares of Honest during the fourth quarter worth about $115,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Honest in the fourth quarter worth about $52,000. 45.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a "market perform" rating and issued a $7.00 target price on shares of Honest in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Honest has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.

Insider Buying and Selling

In other Honest news, insider Stephen Winchell sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total value of $99,600.00. Following the completion of the sale, the insider now owns 431,844 shares of the company's stock, valued at $2,150,583.12. The trade was a 4.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jonathan Mayle sold 37,481 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the completion of the sale, the senior vice president now owns 307,740 shares of the company's stock, valued at approximately $1,498,693.80. This trade represents a 10.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by corporate insiders.

Honest Trading Up 6.0%

NASDAQ:HNST traded up $0.31 during mid-day trading on Friday, reaching $5.51. 3,193,762 shares of the stock were exchanged, compared to its average volume of 2,283,642. The business has a fifty day moving average price of $4.76 and a 200 day moving average price of $5.78. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year high of $8.97. The firm has a market capitalization of $607.41 million, a PE ratio of -137.75 and a beta of 2.43.

Honest (NASDAQ:HNST - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $97.25 million during the quarter, compared to the consensus estimate of $92.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. On average, sell-side analysts forecast that The Honest Company, Inc. will post -0.07 earnings per share for the current year.

Honest Company Profile

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.