Two Sigma Advisers LP Has $1.39 Million Stock Position in The Honest Company, Inc. (NASDAQ:HNST)

Two Sigma Advisers LP raised its stake in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 317.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,100 shares of the company's stock after purchasing an additional 152,200 shares during the quarter. Two Sigma Advisers LP owned 0.20% of Honest worth $1,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in Honest in the 4th quarter valued at $26,000. New York State Teachers Retirement System bought a new position in shares of Honest during the fourth quarter valued at $52,000. Utah Retirement Systems acquired a new stake in shares of Honest in the 4th quarter valued at $86,000. Fox Run Management L.L.C. acquired a new stake in shares of Honest in the 4th quarter valued at $89,000. Finally, Walleye Trading LLC bought a new stake in shares of Honest in the 4th quarter worth about $109,000. 45.54% of the stock is currently owned by institutional investors.

Honest Trading Up 0.4%

NASDAQ HNST traded up $0.02 on Wednesday, hitting $5.07. 2,162,079 shares of the company were exchanged, compared to its average volume of 2,361,786. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year high of $8.97. The firm has a 50 day moving average of $4.76 and a two-hundred day moving average of $5.81. The company has a market cap of $558.90 million, a P/E ratio of -126.75 and a beta of 2.43.

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

Wall Street Analysts Forecast Growth

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 equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Honest currently has an average rating of "Moderate Buy" and an average target price of $7.70.

Insiders Place Their Bets

In related news, SVP Jonathan Mayle sold 37,481 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the transaction, the senior vice president now owns 307,740 shares in the company, valued at $1,498,693.80. This trade represents a 10.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Winchell sold 20,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were 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 approximately $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. In the last quarter, insiders have sold 223,207 shares of company stock valued at $1,163,795. 8.90% of the stock is currently owned by corporate 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.