Gotham Asset Management LLC Makes New Investment in 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 fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 79,772 shares of the company's stock, valued at approximately $553,000. Gotham Asset Management LLC owned 0.08% of Honest as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Honest in the 4th quarter valued at about $26,000. New York State Teachers Retirement System bought a new stake in Honest in the 4th quarter valued at about $52,000. Utah Retirement Systems bought a new stake in Honest in the 4th quarter valued at about $86,000. Fox Run Management L.L.C. bought a new stake in Honest in the 4th quarter valued at about $89,000. Finally, Walleye Trading LLC bought a new stake in Honest in the 4th quarter valued at about $109,000. Institutional investors own 45.54% of the company's stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group restated a "market perform" rating and issued a $7.00 target price 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $7.70.

Insider Buying and Selling

In related news, SVP Jonathan Mayle sold 37,481 shares of the company's 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 completion of the transaction, the senior vice president now directly owns 307,740 shares in the company, valued at $1,498,693.80. This represents a 10.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Winchell sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total transaction of $99,600.00. Following the transaction, the insider now owns 431,844 shares of the company's stock, valued at approximately $2,150,583.12. This represents a 4.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

Honest Stock Down 1.2%

Shares of NASDAQ:HNST traded down $0.06 during midday trading on Thursday, hitting $4.90. The stock had a trading volume of 2,226,922 shares, compared to its average volume of 2,313,368. The company's 50-day moving average price is $4.77 and its 200-day moving average price is $5.82. The company has a market capitalization of $540.16 million, a P/E ratio of -122.50 and a beta of 2.43. The Honest Company, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $97.25 million during the quarter, compared to analysts' expectations of $92.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. Research analysts expect that The Honest Company, Inc. will post -0.07 EPS for the current fiscal 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.