Honest (NASDAQ:HNST) Receives New Coverage from Analysts at Lake Street Capital

Lake Street Capital initiated coverage on shares of Honest (NASDAQ:HNST - Free Report) in a research note published on Thursday morning, MarketBeat reports. The firm issued a buy rating and a $6.00 price objective on the stock.

HNST has been the topic of a number of other reports. Alliance Global Partners began coverage on shares of Honest in a research report on Tuesday, February 6th. They issued a buy rating and a $5.75 target price on the stock. Telsey Advisory Group upped their target price on shares of Honest from $2.00 to $4.00 and gave the stock a market perform rating in a research report on Thursday, March 7th. Morgan Stanley upped their target price on shares of Honest from $1.85 to $4.00 and gave the stock an equal weight rating in a research report on Thursday, March 7th. Finally, Loop Capital upped their target price on shares of Honest from $4.00 to $5.00 and gave the stock a hold rating in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Honest currently has an average rating of Hold and a consensus price target of $4.95.

Honest Trading Up 1.6 %

NASDAQ HNST traded up $0.06 during trading on Thursday, hitting $3.83. The company had a trading volume of 1,111,749 shares, compared to its average volume of 1,000,702. Honest has a one year low of $1.06 and a one year high of $4.89. The company has a market cap of $367.18 million, a price-to-earnings ratio of -9.12 and a beta of 1.83. The company's fifty day moving average is $3.59 and its 200-day moving average is $2.55.

Honest (NASDAQ:HNST - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.09. Honest had a negative net margin of 11.39% and a negative return on equity of 30.36%. The business had revenue of $90.26 million during the quarter, compared to analyst estimates of $83.54 million. As a group, equities analysts anticipate that Honest will post -0.18 EPS for the current year.

Insider Activity at Honest

In related news, EVP Stephen Winchell sold 19,665 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $3.24, for a total transaction of $63,714.60. Following the sale, the executive vice president now directly owns 428,957 shares of the company's stock, valued at approximately $1,389,820.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Honest news, insider Jessica Warren sold 23,324 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $3.24, for a total transaction of $75,569.76. Following the transaction, the insider now owns 1,905,237 shares in the company, valued at approximately $6,172,967.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Winchell sold 19,665 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $3.24, for a total transaction of $63,714.60. Following the transaction, the executive vice president now owns 428,957 shares in the company, valued at approximately $1,389,820.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 273,301 shares of company stock valued at $1,077,922. 14.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Honest

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pathstone Family Office LLC lifted its stake in Honest by 159.4% during the 3rd quarter. Pathstone Family Office LLC now owns 64,860 shares of the company's stock valued at $82,000 after acquiring an additional 39,860 shares during the period. Institutional Venture Management XIII LLC lifted its stake in Honest by 0.5% during the 2nd quarter. Institutional Venture Management XIII LLC now owns 10,474,637 shares of the company's stock valued at $17,597,000 after acquiring an additional 56,978 shares during the period. Barclays PLC bought a new position in Honest during the 3rd quarter valued at about $110,000. ArrowMark Colorado Holdings LLC lifted its stake in Honest by 34.9% during the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 2,746,206 shares of the company's stock valued at $4,614,000 after acquiring an additional 711,206 shares during the period. Finally, Green Alpha Advisors LLC lifted its stake in Honest by 62.5% during the 4th quarter. Green Alpha Advisors LLC now owns 409,899 shares of the company's stock valued at $1,353,000 after acquiring an additional 157,604 shares during the period. Institutional investors own 45.54% of the company's stock.

Honest Company 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.