Honest (NASDAQ:HNST) SVP Sells 6,161 Shares

Key Points

• Honest SVP Jonathan Mayle sold 6,161 shares at an average price of $4.99, generating $30,743.39. The transaction, conducted under a Rule 10b5-1 plan, reduced his stake by 1.66% to 363,994 shares.
• Honest shares recently traded at $5.20, near the company’s 12-month high of $5.84, after quarterly revenue of $80.19 million and EPS of $0.04 exceeded analyst expectations.
• Analyst sentiment remains mixed: the consensus rating is Hold with an average price target of $4.84, despite some brokerages upgrading the stock and raising their targets.

The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) SVP Jonathan Mayle sold 6,161 shares of Honest stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $4.99, for a total transaction of $30,743.39. Following the sale, the senior vice president owned 363,994 shares of the company's stock, valued at $1,816,330.06. The trade was a 1.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Mayle also recently made the following trade(s):

• On Monday, August 10th, Jonathan Mayle sold 79,000 shares of Honest stock. The stock was sold at an average price of $5.22, for a total transaction of $412,380.00.

Honest Price Performance

Shares of NASDAQ:HNST traded up $0.15 during trading on Monday, reaching $5.20. 2,778,794 shares of the company were exchanged, compared to its average volume of 1,883,129. The firm has a market capitalization of $572.41 million, a PE ratio of -47.27 and a beta of 2.12. The business's fifty day simple moving average is $4.09 and its 200-day simple moving average is $3.37. The Honest Company, Inc. has a 12-month low of $2.07 and a 12-month high of $5.84.

Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%.The firm had revenue of $80.19 million during the quarter, compared to analyst estimates of $77.83 million. On average, sell-side analysts anticipate that The Honest Company, Inc. will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HNST. Allworth Financial LP bought a new stake in Honest during the second quarter valued at about $26,000. Caitong International Asset Management Co. Ltd raised 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 worth $26,000 after purchasing an additional 6,599 shares in the last quarter. Amicus Financial Advisors LLC bought a new position in Honest in the fourth quarter worth about $29,000. Hibernia Wealth Partners LLC bought a new stake in shares of Honest in the 4th quarter valued at about $32,000. Finally, Legal & General Group Plc purchased a new position in shares of Honest in the 2nd quarter worth approximately $36,000. 45.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on HNST. Freedom Capital upgraded Honest from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. Wall Street Zen upgraded Honest from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Telsey Advisory Group lifted their price objective on Honest from $4.00 to $5.00 and gave the company a "market perform" rating in a report on Thursday, August 6th. Alliance Global Partners reaffirmed a "buy" rating on shares of Honest in a research note on Thursday, August 6th. Finally, Morgan Stanley raised their target price on shares of Honest from $3.40 to $5.70 and gave the company an "equal weight" rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Honest currently has a consensus rating of "Hold" and an average target price of $4.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source