Algert Global LLC Raises Stake in The Honest Company, Inc. (NASDAQ:HNST)

Algert Global LLC increased its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 191.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 367,236 shares of the company's stock after acquiring an additional 241,114 shares during the period. Algert Global LLC owned about 0.36% of Honest worth $2,545,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Barclays PLC lifted its position 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 last quarter. Virtu Financial LLC bought a new stake in Honest during the 3rd quarter valued at about $219,000. JPMorgan Chase & Co. boosted its position in Honest by 377.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 773,806 shares of the company's stock valued at $2,762,000 after buying an additional 611,844 shares during the period. SG Americas Securities LLC grew its stake in Honest by 47.7% in the 4th quarter. SG Americas Securities LLC now owns 42,229 shares of the company's stock worth $293,000 after acquiring an additional 13,644 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Honest during the fourth quarter worth approximately $115,000. Hedge funds and other institutional investors own 45.54% of the company's stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 price objective on shares of Honest in a research note on Thursday. Two 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.

Honest Stock Up 10.5 %

HNST stock traded up $0.46 during trading on Friday, hitting $4.84. 5,969,322 shares of the company's stock traded hands, compared to its average volume of 2,236,742. The firm has a market capitalization of $533.55 million, a P/E ratio of -121.00 and a beta of 2.43. The Honest Company, Inc. has a 1 year low of $2.40 and a 1 year high of $8.97. The business has a fifty day simple moving average of $4.73 and a two-hundred day simple moving average of $5.75.

Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The firm had revenue of $97.25 million during the quarter, compared to analyst estimates of $92.46 million. On average, equities research analysts predict that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Insider Buying and Selling at Honest

In other Honest news, insider Stephen Winchell sold 20,000 shares of the firm'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 approximately $2,150,583.12. This trade represents a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the company's 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 transaction, the senior vice president now owns 307,740 shares in the company, valued at approximately $1,498,693.80. This trade represents a 10.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.

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.