Jump Financial LLC Sells 84,580 Shares of The Honest Company, Inc. (NASDAQ:HNST)

Jump Financial LLC decreased its stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 49.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,952 shares of the company's stock after selling 84,580 shares during the quarter. Jump Financial LLC owned 0.09% of Honest worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Walleye Trading LLC bought a new position in Honest during the 4th quarter worth about $109,000. Walleye Capital LLC lifted its stake in Honest by 40.4% in the 4th quarter. Walleye Capital LLC now owns 102,418 shares of the company's stock valued at $710,000 after acquiring an additional 29,485 shares in the last quarter. Mariner LLC acquired a new position in Honest during the 4th quarter worth approximately $175,000. Barclays PLC grew its stake in shares of Honest by 15.7% during the 4th quarter. Barclays PLC now owns 127,726 shares of the company's stock worth $885,000 after acquiring an additional 17,340 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Honest during the 4th quarter worth about $336,000. Institutional investors own 45.54% of the company's stock.

Honest Stock Performance

Shares of NASDAQ HNST traded down $0.01 during mid-day trading on Tuesday, reaching $4.79. The company had a trading volume of 214,343 shares, compared to its average volume of 2,154,280. The firm has a market cap of $527.45 million, a price-to-earnings ratio of -119.63 and a beta of 2.44. The business's 50-day simple moving average is $4.85 and its 200 day simple moving average is $5.70. The Honest Company, Inc. has a one year low of $2.40 and a one year high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The company had revenue of $99.84 million for the quarter, compared to analyst estimates of $96.46 million. On average, sell-side analysts anticipate that The Honest Company, Inc. will post -0.07 EPS for the current year.

Insider Transactions at Honest

In related news, SVP Jonathan Mayle sold 37,481 shares of the firm'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 completion of the transaction, the senior vice president now owns 307,740 shares in the company, valued at $1,498,693.80. This trade represents a 10.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Winchell sold 20,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 431,844 shares in the company, valued at $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.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and set a $7.00 price target on shares of Honest in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $7.70.

About Honest

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.