Bank of America Corp DE Has $1.46 Million Position in The Honest Company, Inc. (NASDAQ:HNST)

Bank of America Corp DE grew its position in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 62.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 210,351 shares of the company's stock after purchasing an additional 81,227 shares during the period. Bank of America Corp DE owned about 0.21% of Honest worth $1,458,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ieq Capital LLC raised its holdings 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 purchasing an additional 49,673 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Honest in the fourth quarter worth $819,000. Vanguard Group Inc. raised its holdings in Honest by 25.7% in the fourth quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock worth $35,671,000 after purchasing an additional 1,052,305 shares during the period. Dimensional Fund Advisors LP raised its holdings in Honest by 27.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,396,615 shares of the company's stock worth $9,678,000 after purchasing an additional 299,186 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in Honest in the fourth quarter worth $756,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Stephen Winchell sold 20,000 shares of the stock in a transaction on 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 transaction, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. This represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jonathan Mayle sold 37,481 shares of the stock in a transaction on Tuesday, March 11th. The stock was 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 of the company's stock, valued at $1,498,693.80. The trade was a 10.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,207 shares of company stock worth $1,163,795. 8.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued a "market perform" rating and set a $7.00 price objective on shares of Honest in a research report on Thursday, May 8th. Two equities 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.70.

Honest Trading Up 0.8%

Shares of HNST stock traded up $0.04 during trading hours on Friday, hitting $5.16. 2,345,967 shares of the company were exchanged, compared to its average volume of 2,386,627. The business has a 50 day moving average of $4.78 and a two-hundred day moving average of $5.76. The Honest Company, Inc. has a 52 week low of $2.40 and a 52 week high of $8.97. The company has a market capitalization of $568.82 million, a PE ratio of -129.00 and a beta of 2.39.

Honest (NASDAQ:HNST - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $97.25 million during the quarter, compared to the consensus estimate of $92.46 million. On average, research analysts forecast that The Honest Company, Inc. will post -0.07 EPS for the current year.

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.