Boothbay Fund Management LLC Makes New Investment in The Honest Company, Inc. (NASDAQ:HNST)

Boothbay Fund Management LLC bought a new stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 90,000 shares of the company's stock, valued at approximately $624,000. Boothbay Fund Management LLC owned 0.09% of Honest at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ieq Capital LLC grew its position in Honest by 61.3% in the fourth quarter. Ieq Capital LLC now owns 130,651 shares of the company's stock worth $905,000 after acquiring an additional 49,673 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Honest in the fourth quarter valued at approximately $819,000. Vanguard Group Inc. raised its position in shares of Honest by 25.7% during 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. Barclays PLC grew its stake in shares of Honest by 298.9% during the third quarter. Barclays PLC now owns 110,386 shares of the company's stock worth $394,000 after purchasing an additional 82,713 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Honest during the fourth quarter worth about $756,000. Institutional investors and hedge funds own 45.54% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a "market perform" rating and set a $7.00 price objective on shares of Honest in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.70.

Insiders Place Their Bets

In related news, insider Stephen Winchell sold 20,000 shares of Honest stock in a transaction dated Wednesday, March 12th. The shares were 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 of the company's stock, valued at approximately $2,150,583.12. The trade was a 4.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total transaction of $182,532.47. Following the completion of the transaction, the senior vice president now directly owns 307,740 shares in the company, valued at approximately $1,498,693.80. This represents a 10.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.

Honest Trading Down 0.1 %

Shares of HNST stock traded down $0.01 during trading hours on Tuesday, hitting $4.94. 428,045 shares of the company were exchanged, compared to its average volume of 2,432,130. The company has a market capitalization of $543.99 million, a PE ratio of -123.38 and a beta of 2.43. The business has a 50 day moving average of $4.76 and a two-hundred day moving average of $5.73. The Honest Company, Inc. has a 52 week low of $2.40 and a 52 week high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $99.84 million for the quarter, compared to analyst estimates of $96.46 million. On average, research analysts forecast that The Honest Company, Inc. will post -0.07 EPS for the current year.

Honest 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.