Gotham Asset Management LLC Purchases Shares of 79,772 The Honest Company, Inc. (NASDAQ:HNST)

Gotham Asset Management LLC acquired a new stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 79,772 shares of the company's stock, valued at approximately $553,000. Gotham Asset Management LLC owned approximately 0.08% of Honest at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC increased its position in Honest by 61.3% in the 4th quarter. Ieq Capital LLC now owns 130,651 shares of the company's stock valued at $905,000 after acquiring an additional 49,673 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Honest by 589.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,397,636 shares of the company's stock worth $16,616,000 after buying an additional 2,049,981 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Honest during the 4th quarter worth approximately $819,000. Vanguard Group Inc. grew its position in shares of Honest by 25.7% during the 4th quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock worth $35,671,000 after buying an additional 1,052,305 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Honest by 27.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,396,615 shares of the company's stock worth $9,678,000 after buying an additional 299,186 shares during the period. Institutional investors and hedge funds own 45.54% of the company's stock.

Insider Buying and Selling

In related news, SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction that occurred on 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 of the company's stock, valued at $1,498,693.80. This trade represents a 10.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carla Vernon sold 98,950 shares of Honest stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total transaction of $526,414.00. Following the transaction, the chief executive officer now directly owns 3,098,321 shares in the company, valued at $16,483,067.72. The trade was a 3.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 223,207 shares of company stock valued at $1,163,795 in the last 90 days. 8.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $7.00 price target on shares of Honest in a research report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Honest has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.

Honest Trading Down 1.0%

Shares of NASDAQ:HNST traded down $0.05 during trading on Friday, hitting $4.85. 1,821,193 shares of the company's stock were exchanged, compared to its average volume of 2,323,465. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year high of $8.97. The firm has a 50-day moving average price of $4.77 and a two-hundred day moving average price of $5.85. The firm has a market cap of $534.65 million, a P/E ratio of -121.25 and a beta of 2.43.

Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.03 earnings per share 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 business had revenue of $97.25 million for the quarter, compared to analyst estimates of $92.46 million. As a group, research analysts predict that The Honest Company, Inc. will post -0.07 EPS for the current year.

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.