Honest (NASDAQ:HNST) SVP Kunssberg Etienne Von Sells 4,578 Shares of Stock

Key Points

• Honest SVP Kunssberg Etienne Von sold 4,578 shares at an average price of $5.01, reducing the position by 1.18% while retaining 383,517 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
• HNST shares rose 3.0% to $5.20, near the company’s 52-week high of $5.84. Honest’s latest quarterly results exceeded expectations, with $80.19 million in revenue and $0.04 earnings per share versus estimates of $77.83 million and $0.01, respectively.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $4.84, while institutional investors own 45.54% of the company.

The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) SVP Kunssberg Etienne Von sold 4,578 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $5.01, for a total transaction of $22,935.78. Following the sale, the senior vice president directly owned 383,517 shares in the company, valued at $1,921,420.17. The trade was a 1.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kunssberg Etienne Von also recently made the following trade(s):

• On Thursday, August 20th, Kunssberg Etienne Von sold 2,617 shares of Honest stock. The stock was sold at an average price of $4.99, for a total transaction of $13,058.83.

Honest Trading Up 3.0%

HNST traded up $0.15 during midday trading on Monday, hitting $5.20. 2,778,794 shares of the company traded hands, compared to its average volume of 1,883,129. The business has a 50 day simple moving average of $4.09 and a two-hundred day simple moving average of $3.37. The Honest Company, Inc. has a 52-week low of $2.07 and a 52-week high of $5.84. The company has a market capitalization of $572.41 million, a price-to-earnings ratio of -47.27 and a beta of 2.12.

Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $80.19 million during the quarter, compared to the consensus estimate of $77.83 million. Equities research analysts anticipate that The Honest Company, Inc. will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HNST. Telsey Advisory Group upped their price target on Honest from $4.00 to $5.00 and gave the company a "market perform" rating in a research note on Thursday, August 6th. B. Riley Financial increased their price objective on Honest from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Morgan Stanley boosted their price objective on Honest from $3.40 to $5.70 and gave the stock an "equal weight" rating in a research report on Wednesday, August 12th. Northland Securities set a $5.50 target price on Honest in a report on Thursday, August 6th. Finally, Alliance Global Partners reissued a "buy" rating on shares of Honest in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.84.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Honest in the 2nd quarter valued at $25,662,000. Mak Capital One LLC acquired a new stake in shares of Honest in the 4th quarter worth $9,104,000. Geode Capital Management LLC boosted its holdings in shares of Honest by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,323,572 shares of the company's stock valued at $5,996,000 after acquiring an additional 28,579 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Honest by 8.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,259,540 shares of the company's stock worth $8,315,000 after acquiring an additional 171,425 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in shares of Honest by 796.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,006,646 shares of the company's stock worth $5,177,000 after acquiring an additional 1,782,742 shares during the period. Institutional investors and hedge funds own 45.54% of the company's stock.

About Honest

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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