Bosun Asset Management LLC Acquires 158,375 Shares of The Honest Company, Inc. (NASDAQ:HNST)

Bosun Asset Management LLC lifted its stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 954.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,975 shares of the company's stock after purchasing an additional 158,375 shares during the period. Bosun Asset Management LLC owned 0.17% of Honest worth $1,213,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Captrust Financial Advisors bought a new stake in Honest during the 4th quarter valued at approximately $110,000. Bank of America Corp DE boosted its position in shares of Honest by 62.9% during the fourth quarter. Bank of America Corp DE now owns 210,351 shares of the company's stock valued at $1,458,000 after purchasing an additional 81,227 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Honest in the fourth quarter worth $1,300,000. Algert Global LLC raised its holdings in Honest by 191.2% in the fourth quarter. Algert Global LLC now owns 367,236 shares of the company's stock worth $2,545,000 after purchasing an additional 241,114 shares in the last quarter. Finally, Manatuck Hill Partners LLC purchased a new position in Honest during the fourth quarter valued at $1,006,000. Institutional investors own 45.54% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 target price on shares of Honest in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $7.70.

Honest Trading Up 10.5 %

Honest stock traded up $0.46 during mid-day trading on Friday, hitting $4.84. The company had a trading volume of 5,969,322 shares, compared to its average volume of 2,232,399. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The stock's 50 day moving average price is $4.73 and its two-hundred day moving average price is $5.73. The company has a market capitalization of $533.51 million, a PE ratio of -121.00 and a beta of 2.43.

Honest (NASDAQ:HNST - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share (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 $97.25 million for the quarter, compared to the consensus estimate of $92.46 million. Equities research analysts anticipate that The Honest Company, Inc. will post -0.07 EPS for the current year.

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 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 directly owns 431,844 shares in the company, valued at approximately $2,150,583.12. This trade represents a 4.43 % decrease in their position. The transaction was disclosed in a 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 $1,498,693.80. This represents a 10.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.

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.