Victory Capital Management Inc. lifted its position in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 98.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,073,471 shares of the company's stock after purchasing an additional 1,527,080 shares during the quarter. Victory Capital Management Inc. owned 2.79% of Honest worth $14,445,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. lifted its holdings 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 worth $16,616,000 after purchasing an additional 2,049,981 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Honest by 25.7% in 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. Nuveen Asset Management LLC grew its holdings in Honest by 103.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,046,868 shares of the company's stock valued at $14,185,000 after purchasing an additional 1,041,040 shares during the period. Invesco Ltd. raised its position in shares of Honest by 2,035.9% in the fourth quarter. Invesco Ltd. now owns 779,998 shares of the company's stock worth $5,405,000 after buying an additional 743,479 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Honest in the fourth quarter worth about $4,176,000. 45.54% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Telsey Advisory Group reissued a "market perform" rating and set a $7.00 price target on shares of Honest in a report on Thursday, May 8th. Two 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $7.70.
Read Our Latest Stock Report on HNST
Honest Stock Performance
Shares of HNST stock traded up $0.36 during trading on Friday, hitting $4.95. 3,984,338 shares of the company were exchanged, compared to its average volume of 2,583,711. The business's 50-day simple moving average is $4.86 and its 200 day simple moving average is $5.16. The Honest Company, Inc. has a twelve month low of $2.99 and a twelve month high of $8.97. The firm has a market capitalization of $545.69 million, a price-to-earnings ratio of -247.50 and a beta of 2.35.
Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings data 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 0.38% and a negative return on equity of 0.95%. The company had revenue of $97.25 million for the quarter, compared to the consensus estimate of $92.46 million. On average, equities analysts forecast that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Honest news, CEO Carla Vernon sold 98,950 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total transaction of $526,414.00. Following the completion of the transaction, the chief executive officer owned 3,098,321 shares in the company, valued at $16,483,067.72. This trade represents a 3.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephen Winchell sold 10,746 shares of the business'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 $57,168.72. Following the transaction, the insider owned 421,098 shares of the company's stock, valued at approximately $2,240,241.36. The trade was a 2.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,726 shares of company stock worth $881,662 over the last quarter. Insiders own 8.90% of the company's stock.
Honest Company 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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