The Honest Company, Inc. (NASDAQ:HNST) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its holdings in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 317.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,100 shares of the company's stock after buying an additional 152,200 shares during the quarter. Two Sigma Advisers LP owned approximately 0.20% of Honest worth $1,387,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. lifted its stake in 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 last quarter. Victory Capital Management Inc. boosted its holdings in shares of Honest by 869.9% in the 4th 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 in the last quarter. Vanguard Group Inc. raised its stake in Honest by 25.7% during the 4th quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock worth $35,671,000 after acquiring an additional 1,052,305 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Honest by 103.5% in the fourth quarter. Nuveen Asset Management LLC now owns 2,046,868 shares of the company's stock valued at $14,185,000 after acquiring an additional 1,041,040 shares in the last quarter. Finally, Invesco Ltd. grew its stake 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. 45.54% of the stock is owned by hedge funds and other institutional investors.

Honest Stock Performance

NASDAQ:HNST traded up $0.11 during trading hours on Wednesday, hitting $5.16. The company's stock had a trading volume of 650,506 shares, compared to its average volume of 2,347,862. The Honest Company, Inc. has a 52-week low of $2.40 and a 52-week high of $8.97. The business's 50-day moving average is $4.76 and its two-hundred day moving average is $5.82. The company has a market capitalization of $568.27 million, a PE ratio of -129.10 and a beta of 2.43.

Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly 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. The business had revenue of $97.25 million during the quarter, compared to the consensus estimate 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, analysts predict that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Insider Buying and Selling at Honest

In related news, SVP Jonathan Mayle sold 37,481 shares of Honest 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 sale, the senior vice president now owns 307,740 shares in the company, valued at approximately $1,498,693.80. This trade represents a 10.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Carla Vernon sold 98,950 shares of the firm'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 $526,414.00. Following the sale, the chief executive officer now directly owns 3,098,321 shares in the company, valued at $16,483,067.72. This represents a 3.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 insiders.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 price target on shares of Honest in a research 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 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.