Nuveen Asset Management LLC raised its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 103.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,046,868 shares of the company's stock after acquiring an additional 1,041,040 shares during the quarter. Nuveen Asset Management LLC owned approximately 2.03% of Honest worth $14,185,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. Valmark Advisers Inc. increased its holdings in Honest by 1.7% during the 4th quarter. Valmark Advisers Inc. now owns 163,015 shares of the company's stock valued at $1,130,000 after acquiring an additional 2,735 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Honest by 6.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,706 shares of the company's stock worth $324,000 after buying an additional 2,761 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Honest during the fourth quarter worth about $26,000. Legal & General Group Plc grew its holdings in shares of Honest by 30.1% during the fourth quarter. Legal & General Group Plc now owns 26,571 shares of the company's stock worth $184,000 after buying an additional 6,146 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of Honest during the fourth quarter worth about $52,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Honest
In other Honest news, insider Stephen Winchell sold 10,746 shares of Honest stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $5.32, for a total transaction of $57,168.72. Following the transaction, the insider now directly owns 421,098 shares of the company's stock, valued at $2,240,241.36. The trade was a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Carla Vernon sold 98,950 shares of Honest stock in a transaction that occurred on Wednesday, May 21st. The shares were 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 approximately $16,483,067.72. This trade represents a 3.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 223,207 shares of company stock worth $1,163,795. 8.90% of the stock is owned by company insiders.
Honest Stock Performance
Honest stock traded up $0.08 during trading on Thursday, reaching $4.96. The company had a trading volume of 1,748,406 shares, compared to its average volume of 2,326,794. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97. The stock's 50 day moving average price is $4.76 and its two-hundred day moving average price is $5.84. The firm has a market capitalization of $546.89 million, a price-to-earnings ratio of -124.38 and a beta of 2.43.
Honest (NASDAQ:HNST - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $97.25 million during the quarter, compared to the consensus estimate of $92.46 million. As a group, research analysts expect that The Honest Company, Inc. will post -0.07 earnings per share for the current 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 Thursday, May 8th. Two investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.70.
View Our Latest Stock Report on Honest
Honest Profile
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Free Report)
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.
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