Focus Partners Wealth Invests $1.58 Million in The Honest Company, Inc. (NASDAQ:HNST)

Focus Partners Wealth purchased a new stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 227,278 shares of the company's stock, valued at approximately $1,575,000. Focus Partners Wealth owned 0.23% of Honest as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HNST. Vanguard Group Inc. boosted its holdings 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 valued at $35,671,000 after acquiring an additional 1,052,305 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Honest by 589.7% in the 4th 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 in the last quarter. Renaissance Technologies LLC increased its position in Honest by 20.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,372,200 shares of the company's stock worth $16,439,000 after purchasing an additional 398,603 shares during the period. Geode Capital Management LLC grew its holdings in Honest by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,826,160 shares of the company's stock worth $12,658,000 after acquiring an additional 14,539 shares during the period. Finally, Victory Capital Management Inc. raised its position in 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 acquiring an additional 1,386,961 shares in the last quarter. Institutional investors and hedge funds own 45.54% of the company's stock.

Insider Activity at Honest

In other Honest news, SVP Jonathan Mayle sold 37,481 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total value of $182,532.47. Following the completion of the sale, the senior vice president now owns 307,740 shares of the company's stock, valued at $1,498,693.80. This trade represents a 10.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Winchell sold 20,000 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total transaction of $99,600.00. Following the transaction, the insider now directly 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. Company insiders own 8.60% of the company's stock.

Honest Trading Down 1.5%

NASDAQ:HNST traded down $0.08 on Tuesday, hitting $5.38. 2,162,391 shares of the stock were exchanged, compared to its average volume of 2,290,409. The stock has a fifty day moving average of $4.77 and a 200-day moving average of $5.82. The stock has a market cap of $593.08 million, a PE ratio of -134.50 and a beta of 2.43. The Honest Company, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 EPS for the quarter, beating 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 firm had revenue of $97.25 million for the quarter, compared to analyst estimates of $92.46 million. As a group, analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current year.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated a "market perform" rating and set 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $7.70.

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.