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

Squarepoint Ops LLC lifted its stake in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 642.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 326,011 shares of the company's stock after purchasing an additional 282,098 shares during the period. Squarepoint Ops LLC owned about 0.32% of Honest worth $2,259,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Honest by 25.7% during the fourth quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock worth $35,671,000 after purchasing an additional 1,052,305 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Honest by 589.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,397,636 shares of the company's stock worth $16,616,000 after purchasing an additional 2,049,981 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Honest by 20.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,372,200 shares of the company's stock worth $16,439,000 after purchasing an additional 398,603 shares during the period. Nuveen Asset Management LLC lifted its position in shares of 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 last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Honest by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,826,160 shares of the company's stock valued at $12,658,000 after buying an additional 14,539 shares during the period. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Honest Price Performance

HNST stock remained flat at $5.03 during mid-day trading on Monday. The company's stock had a trading volume of 2,576,483 shares, compared to its average volume of 2,350,797. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The firm has a market capitalization of $554.49 million, a PE ratio of -125.75 and a beta of 2.43. The business has a 50 day moving average price of $4.75 and a 200-day moving average price of $5.83.

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 analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $97.25 million for 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%. As a group, research analysts predict that The Honest Company, Inc. will post -0.07 earnings per share 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 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.70.

Insider Buying and Selling at Honest

In other Honest news, SVP Jonathan Mayle sold 37,481 shares of the firm's stock in a transaction dated 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 approximately $1,498,693.80. This trade represents a 10.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Brendan Sheehey sold 12,017 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total transaction of $63,930.44. Following the sale, the general counsel now owns 580,647 shares in the company, valued at $3,089,042.04. This trade represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 223,207 shares of company stock worth $1,163,795. 8.90% of the stock is owned by company 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.