Millennium Management LLC lifted its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 16.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,664,081 shares of the company's stock after acquiring an additional 234,782 shares during the period. Millennium Management LLC owned approximately 1.65% of Honest worth $11,532,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ieq Capital LLC lifted its holdings in shares of Honest by 61.3% during the 4th quarter. Ieq Capital LLC now owns 130,651 shares of the company's stock worth $905,000 after acquiring an additional 49,673 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Honest by 589.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,397,636 shares of the company's stock valued at $16,616,000 after buying an additional 2,049,981 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Honest in the fourth quarter valued at about $819,000. 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 in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Honest in the fourth quarter valued at about $932,000. 45.54% of the stock is owned by institutional investors.
Honest Stock Performance
Shares of NASDAQ HNST traded up $0.11 during trading on Thursday, reaching $4.99. The company had a trading volume of 834,241 shares, compared to its average volume of 2,568,057. The Honest Company, Inc. has a 52 week low of $2.40 and a 52 week high of $8.97. The stock has a market cap of $549.53 million, a PE ratio of -124.63 and a beta of 2.43. The business's 50 day moving average price is $4.76 and its 200-day moving average price is $5.84.
Honest (NASDAQ:HNST - Get Free Report) last announced its earnings results 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. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. The company had revenue of $97.25 million during the quarter, compared to the consensus estimate of $92.46 million. Equities analysts anticipate that The Honest Company, Inc. will post -0.07 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Telsey Advisory Group restated a "market perform" rating and issued a $7.00 price target on shares of Honest in a research report on Thursday, May 8th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Honest currently has a consensus rating of "Moderate Buy" and an average target price of $7.70.
Check Out Our Latest Stock Report on HNST
Insiders Place Their Bets
In other Honest news, CEO Carla Vernon sold 98,950 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,098,321 shares of the company's stock, valued at approximately $16,483,067.72. The trade was a 3.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jonathan Mayle sold 37,481 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 307,740 shares of the company's stock, valued at approximately $1,498,693.80. This represents a 10.86% 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 valued at $1,163,795. Insiders own 8.90% of the company's stock.
Honest Company Profile
(
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.
Further Reading
Before you consider Honest, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Honest wasn't on the list.
While Honest currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
