GSA Capital Partners LLP Has $1.28 Million Stock Position in The Honest Company, Inc. (NASDAQ:HNST)

GSA Capital Partners LLP grew its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 68.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,284 shares of the company's stock after buying an additional 110,408 shares during the quarter. GSA Capital Partners LLP owned approximately 0.25% of Honest worth $1,280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bailard Inc. acquired a new position in Honest in the 1st quarter valued at about $78,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Honest by 57.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,757 shares of the company's stock worth $83,000 after buying an additional 6,513 shares in the last quarter. Utah Retirement Systems acquired a new position in shares of Honest during the fourth quarter worth $86,000. Cerity Partners LLC acquired a new position in shares of Honest during the first quarter worth $90,000. Finally, Walleye Trading LLC acquired a new position in shares of Honest during the fourth quarter worth $109,000. 45.54% of the stock is owned by institutional investors.

Honest Stock Down 2.8%

Shares of HNST stock traded down $0.13 during trading hours on Friday, hitting $4.48. 2,767,935 shares of the company's stock traded hands, compared to its average volume of 2,808,593. The stock's 50 day simple moving average is $4.80 and its 200 day simple moving average is $5.10. The stock has a market cap of $493.88 million, a PE ratio of -224.00 and a beta of 2.34. The Honest Company, Inc. has a 12 month low of $2.99 and a 12 month high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $97.25 million during the quarter, compared to the consensus estimate of $92.46 million. Honest had a negative net margin of 0.38% and a negative return on equity of 0.95%. As a group, equities research analysts expect that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $7.00 price target on shares of Honest in a report on Wednesday. Two equities 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. Based on data from MarketBeat, Honest has a consensus rating of "Moderate Buy" and an average price target of $7.70.

Insider Buying and Selling at Honest

In other Honest news, CEO Carla Vernon sold 98,950 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $5.32, for a total value of $526,414.00. Following the completion of the sale, the chief executive officer directly owned 3,098,321 shares in the company, valued at approximately $16,483,067.72. This trade represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dorria L. Ball sold 4,836 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total transaction of $25,727.52. Following the completion of the sale, the insider owned 272,247 shares of the company's stock, valued at $1,448,354.04. The trade was a 1.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 165,726 shares of company stock valued at $881,662 over the last three months. 8.90% of the stock is currently owned by corporate insiders.

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.