Two Sigma Investments LP lifted its stake in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 53.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 665,436 shares of the company's stock after acquiring an additional 232,251 shares during the period. Two Sigma Investments LP owned approximately 0.66% of Honest worth $4,611,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in HNST. SG Americas Securities LLC raised its stake in shares of Honest by 47.7% in the 4th quarter. SG Americas Securities LLC now owns 42,229 shares of the company's stock valued at $293,000 after purchasing an additional 13,644 shares during the period. Entropy Technologies LP bought a new position in shares of Honest during the fourth quarter worth about $115,000. New York State Teachers Retirement System acquired a new stake in Honest in the 4th quarter valued at approximately $52,000. Rhumbline Advisers boosted its position in Honest by 12.0% during the 4th quarter. Rhumbline Advisers now owns 109,943 shares of the company's stock worth $762,000 after acquiring an additional 11,794 shares during the last quarter. Finally, Valmark Advisers Inc. grew its stake in shares of Honest by 1.7% during the 4th quarter. Valmark Advisers Inc. now owns 163,015 shares of the company's stock worth $1,130,000 after acquiring an additional 2,735 shares in the last quarter. 45.54% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, insider Stephen Winchell sold 20,000 shares of the firm'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 completion of the sale, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jonathan Mayle sold 37,481 shares of the company'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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 223,207 shares of company stock valued at $1,163,795 over the last 90 days. 8.90% of the stock is currently owned by insiders.
Analyst Ratings Changes
Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 price objective on shares of Honest in a research report on Thursday, May 8th. Two 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 company's stock. According to data from MarketBeat, Honest presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.70.
View Our Latest Analysis on HNST
Honest Stock Up 1.0%
Shares of NASDAQ:HNST traded up $0.05 during midday trading on Friday, hitting $5.03. The stock had a trading volume of 2,320,903 shares, compared to its average volume of 2,349,899. The company has a market cap of $554.49 million, a P/E ratio of -125.75 and a beta of 2.43. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The business's 50-day simple moving average is $4.75 and its 200-day simple moving average is $5.84.
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 the consensus estimate 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 for the quarter, compared to analyst estimates of $92.46 million. As a group, equities analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current year.
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
