The Honest Company, Inc. (NASDAQ:HNST) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its position in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 642.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,011 shares of the company's stock after acquiring an additional 282,098 shares during the period. Squarepoint Ops LLC owned 0.32% of Honest worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its stake in Honest by 589.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,397,636 shares of the company's stock valued at $16,616,000 after purchasing an additional 2,049,981 shares during the last quarter. Victory Capital Management Inc. boosted its position in Honest by 869.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,546,391 shares of the company's stock valued at $10,716,000 after buying an additional 1,386,961 shares during the last quarter. Vanguard Group Inc. boosted its position in Honest by 25.7% in the fourth quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock valued at $35,671,000 after buying an additional 1,052,305 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Honest by 103.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,046,868 shares of the company's stock worth $14,185,000 after buying an additional 1,041,040 shares during the period. Finally, Invesco Ltd. raised its position in Honest by 2,035.9% during the 4th quarter. Invesco Ltd. now owns 779,998 shares of the company's stock worth $5,405,000 after buying an additional 743,479 shares during the last quarter. Hedge funds and other institutional investors own 45.54% of the company's stock.

Honest Trading Up 1.0%

Honest stock traded up $0.05 during mid-day trading on Friday, hitting $5.03. The company had a trading volume of 2,320,903 shares, compared to its average volume of 2,343,994. The company has a market capitalization of $554.49 million, a price-to-earnings ratio of -125.75 and a beta of 2.43. The company's fifty day moving average is $4.75 and its 200-day moving average is $5.84. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97.

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

Insiders Place Their Bets

In related news, SVP Jonathan Mayle sold 37,481 shares of the business's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 307,740 shares in the company, valued at approximately $1,498,693.80. The trade was a 10.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Winchell sold 20,000 shares of the business's stock in a transaction dated 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 in the company, valued at $2,150,583.12. The trade was a 4.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 223,207 shares of company stock worth $1,163,795. Company insiders own 8.90% of the company's stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 price objective on shares of Honest in a research note 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. Based on data from MarketBeat, Honest currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.

About Honest

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.