Honest (NASDAQ:HNST) Director Andrea Turner Sells 34,396 Shares of Stock

Key Points

• Director Andrea Turner sold 34,396 Honest shares at an average price of $5.30, generating $182,298.80 and reducing her direct holdings by 10.86% to 282,304 shares. She also sold an additional 29,899 shares the following day at $5.21.
• Honest reported quarterly revenue of $80.19 million and EPS of $0.04, beating analyst estimates of $77.83 million and $0.01, respectively.
• HNST traded near $5.21, close to its one-year high of $5.84. Analysts’ average rating remains “Hold,” with an average price target of $4.38, despite some recent upgrades and higher individual targets.

The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) Director Andrea Turner sold 34,396 shares of the company's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $5.30, for a total transaction of $182,298.80. Following the completion of the sale, the director directly owned 282,304 shares of the company's stock, valued at $1,496,211.20. This trade represents a 10.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Andrea Turner also recently made the following trade(s):

• On Tuesday, August 11th, Andrea Turner sold 29,899 shares of Honest stock. The shares were sold at an average price of $5.21, for a total transaction of $155,773.79.

Honest Stock Performance

NASDAQ:HNST traded down $0.02 during trading hours on Tuesday, reaching $5.21. The company's stock had a trading volume of 3,638,825 shares, compared to its average volume of 1,862,362. The firm has a market capitalization of $573.52 million, a price-to-earnings ratio of -47.36 and a beta of 2.12. The firm has a 50-day simple moving average of $3.81 and a 200-day simple moving average of $3.22. The Honest Company, Inc. has a 1 year low of $2.07 and a 1 year high of $5.84.

Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. The business had revenue of $80.19 million during the quarter, compared to analyst estimates of $77.83 million. Equities analysts anticipate that The Honest Company, Inc. will post 0.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Northland Securities set a $5.50 target price on shares of Honest in a research note on Thursday, August 6th. Wall Street Zen raised shares of Honest from a "hold" rating to a "buy" rating in a research report on Saturday. Weiss Ratings reissued a "sell (d-)" rating on shares of Honest in a report on Tuesday, May 26th. Telsey Advisory Group boosted their price objective on shares of Honest from $4.00 to $5.00 and gave the company a "market perform" rating in a research report on Thursday, August 6th. Finally, B. Riley Financial upped their price objective on shares of Honest from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $4.38.

Institutional Investors Weigh In On Honest

Large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Honest by 6.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company's stock valued at $235,000 after buying an additional 3,210 shares during the period. Osaic Holdings Inc. lifted its stake in Honest by 33.9% in the second quarter. Osaic Holdings Inc. now owns 14,577 shares of the company's stock worth $74,000 after acquiring an additional 3,693 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Honest by 14.9% in the second quarter. The Manufacturers Life Insurance Company now owns 33,734 shares of the company's stock worth $172,000 after acquiring an additional 4,378 shares during the period. Wealthfront Advisers LLC boosted its holdings in Honest by 24.0% in the fourth quarter. Wealthfront Advisers LLC now owns 25,177 shares of the company's stock valued at $65,000 after acquiring an additional 4,873 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Honest by 1,392.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company's stock valued at $26,000 after acquiring an additional 6,599 shares in the last quarter. 45.54% of the stock is currently owned by institutional investors.

Honest Company Profile

The Honest Company, Inc NASDAQ: HNST is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.

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