Jacobs Levy Equity Management Inc. Grows Stock Holdings in The Honest Company, Inc. (NASDAQ:HNST)

Jacobs Levy Equity Management Inc. grew its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 18.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,006,875 shares of the company's stock after purchasing an additional 155,439 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.00% of Honest worth $6,978,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in shares of Honest during the 4th quarter worth $26,000. New York State Teachers Retirement System purchased a new stake in Honest during the fourth quarter valued at about $52,000. Utah Retirement Systems bought a new stake in Honest during the fourth quarter worth about $86,000. Fox Run Management L.L.C. purchased a new position in shares of Honest in the 4th quarter worth about $89,000. Finally, Walleye Trading LLC purchased a new position in shares of Honest in the 4th quarter worth about $109,000. Hedge funds and other institutional investors own 45.54% of the company's stock.

Insider Activity at Honest

In other news, insider Stephen Winchell sold 20,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total value of $99,600.00. Following the transaction, the insider now owns 431,844 shares of the company's stock, valued at $2,150,583.12. This trade represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan Mayle sold 37,481 shares of the business's 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 transaction, the senior vice president now owns 307,740 shares of the company's stock, valued at approximately $1,498,693.80. This trade represents a 10.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a "market perform" rating and issued a $7.00 price objective on shares of Honest in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Honest has an average rating of "Moderate Buy" and a consensus target price of $7.70.

Honest Price Performance

HNST stock traded down $0.08 during trading on Monday, hitting $5.44. 891,299 shares of the stock traded hands, compared to its average volume of 2,284,162. The stock has a market cap of $599.14 million, a price-to-earnings ratio of -135.38 and a beta of 2.43. The Honest Company, Inc. has a 1 year low of $2.40 and a 1 year high of $8.97. The firm's 50 day moving average is $4.76 and its two-hundred day moving average is $5.81.

Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $97.25 million for the quarter, compared to the consensus estimate of $92.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. As a group, analysts anticipate that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.

Honest 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.