Bosun Asset Management LLC Raises Stock Holdings in The Honest Company, Inc. (NASDAQ:HNST)

Bosun Asset Management LLC increased its holdings 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 institutional investor owned 174,975 shares of the company's stock after acquiring an additional 158,375 shares during the period. Bosun Asset Management LLC owned about 0.17% of Honest worth $1,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HNST. SBI Securities Co. Ltd. bought a new stake in Honest during the fourth quarter worth approximately $26,000. New York State Teachers Retirement System acquired a new position in shares of Honest in the 4th quarter worth approximately $52,000. Utah Retirement Systems acquired a new position in Honest during the fourth quarter worth $86,000. Fox Run Management L.L.C. bought a new position in Honest during the 4th quarter valued at about $89,000. Finally, Walleye Trading LLC bought a new stake in Honest during the 4th quarter worth approximately $109,000. Hedge funds and other institutional investors own 45.54% of the company's stock.

Honest Stock Performance

Shares of HNST traded up $0.46 during mid-day trading on Friday, reaching $4.84. The company had a trading volume of 5,969,322 shares, compared to its average volume of 2,236,742. The company's 50 day simple moving average is $4.73 and its 200 day simple moving average is $5.75. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year high of $8.97. The company has a market capitalization of $533.55 million, a price-to-earnings ratio of -121.00 and a beta of 2.43.

Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $97.25 million for the quarter, compared to the consensus estimate of $92.46 million. As a group, equities analysts forecast that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Honest

In related news, SVP Jonathan Mayle sold 37,481 shares of the business'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. The trade was a 10.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Winchell sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total value of $99,600.00. Following the transaction, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 target price on shares of Honest in a research note on Thursday. Two 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 company. According to MarketBeat.com, Honest presently has an average rating of "Moderate Buy" and an average price target of $7.70.

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.