Andrea Turner Sells 29,899 Shares of Honest (NASDAQ:HNST) Stock

Key Points

• Honest director Andrea Turner sold 29,899 shares at an average price of $5.21, generating $155,773.79 and reducing her direct stake by 10.59% to 252,405 shares.
• Honest shares declined 0.4% to $5.21, but the company recently exceeded quarterly expectations, reporting $0.04 in EPS versus a $0.01 consensus and revenue of $80.19 million versus $77.83 million expected.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $4.38; institutional investors own 45.54% of the stock.

The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) Director Andrea Turner sold 29,899 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $5.21, for a total transaction of $155,773.79. Following the sale, the director directly owned 252,405 shares of the company's stock, valued at $1,315,030.05. This represents a 10.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andrea Turner also recently made the following trade(s):

• On Monday, August 10th, Andrea Turner sold 34,396 shares of Honest stock. The stock was sold at an average price of $5.30, for a total value of $182,298.80.

Honest Trading Down 0.4%

Shares of NASDAQ:HNST traded down $0.02 on Tuesday, hitting $5.21. The company had a trading volume of 3,638,825 shares, compared to its average volume of 1,862,362. The Honest Company, Inc. has a 1-year low of $2.07 and a 1-year high of $5.84. The stock has a market cap of $573.52 million, a price-to-earnings ratio of -47.36 and a beta of 2.12. The stock has a 50 day moving average price of $3.81 and a 200 day moving average price of $3.22.

Honest (NASDAQ:HNST - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $80.19 million during the quarter, compared to analysts' expectations of $77.83 million. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%. Sell-side analysts anticipate that The Honest Company, Inc. will post 0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honest

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Honest by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company's stock worth $235,000 after buying an additional 3,210 shares during the last quarter. Millennium Management LLC lifted its position in Honest by 16.4% during the first quarter. Millennium Management LLC now owns 1,936,846 shares of the company's stock valued at $9,103,000 after acquiring an additional 272,765 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Honest by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,064,179 shares of the company's stock valued at $5,002,000 after purchasing an additional 163,380 shares during the last quarter. Creative Planning grew its stake in Honest by 183.2% during the 2nd quarter. Creative Planning now owns 64,942 shares of the company's stock valued at $331,000 after purchasing an additional 42,008 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Honest by 18.1% during the 2nd quarter. Rhumbline Advisers now owns 134,690 shares of the company's stock valued at $686,000 after buying an additional 20,603 shares during the last quarter. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HNST shares. Telsey Advisory Group lifted their price target on Honest from $4.00 to $5.00 and gave the company a "market perform" rating in a research note on Thursday, August 6th. Northland Securities set a $5.50 price objective on shares of Honest in a research note on Thursday, August 6th. Alliance Global Partners reaffirmed a "buy" rating on shares of Honest in a report on Thursday, August 6th. Morgan Stanley set a $3.40 price target on shares of Honest in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Honest in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Honest presently has a consensus rating of "Hold" and an average target price of $4.38.

Honest Company 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.

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