Two Sigma Investments LP increased its position in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 53.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 665,436 shares of the company's stock after acquiring an additional 232,251 shares during the period. Two Sigma Investments LP owned about 0.66% of Honest worth $4,611,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. D. E. Shaw & Co. Inc. grew its holdings 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 valued at $16,616,000 after purchasing an additional 2,049,981 shares during the period. Victory Capital Management Inc. raised its stake in shares of Honest by 869.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,546,391 shares of the company's stock worth $10,716,000 after buying an additional 1,386,961 shares during the period. Vanguard Group Inc. grew its stake in shares of Honest by 25.7% during the 4th quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock valued at $35,671,000 after acquiring an additional 1,052,305 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Honest by 103.5% during the 4th 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 during the period. Finally, Invesco Ltd. grew its stake in shares of Honest by 2,035.9% during the 4th quarter. Invesco Ltd. now owns 779,998 shares of the company's stock valued at $5,405,000 after acquiring an additional 743,479 shares during the period. Institutional investors own 45.54% of the company's stock.
Insider Transactions at Honest
In other news, SVP Jonathan Mayle sold 37,481 shares of the company'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 completion of the transaction, the senior vice president now owns 307,740 shares of the company's stock, valued at $1,498,693.80. This represents a 10.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Carla Vernon sold 98,950 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was 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. This trade represents a 3.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 223,207 shares of company stock valued at $1,163,795 over the last 90 days. Company insiders own 8.90% of the company's stock.
Wall Street Analyst Weigh In
Separately, Telsey Advisory Group restated a "market perform" rating and set a $7.00 target price on shares of Honest in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.70.
Check Out Our Latest Stock Analysis on HNST
Honest Price Performance
Shares of NASDAQ HNST traded up $0.05 during mid-day trading on Friday, reaching $5.03. The company's stock had a trading volume of 2,320,903 shares, compared to its average volume of 2,343,994. The firm has a market capitalization of $554.49 million, a PE ratio of -125.75 and a beta of 2.43. The stock has a fifty day moving average of $4.75 and a two-hundred day moving average of $5.84. The Honest Company, Inc. has a 52 week low of $2.40 and a 52 week high of $8.97.
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 analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $97.25 million during the quarter, compared to analyst estimates of $92.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. Analysts anticipate that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.
About Honest
(
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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