Honest (NASDAQ:HNST - Free Report) had its target price cut by Loop Capital from $5.00 to $3.00 in a research report report published on Friday, Benzinga reports. They currently have a hold rating on the stock.
Several other research firms have also weighed in on HNST. Lake Street Capital assumed coverage on shares of Honest in a research note on Thursday, April 4th. They issued a buy rating and a $6.00 price objective on the stock. Alliance Global Partners started coverage on shares of Honest in a research report on Tuesday, February 6th. They issued a buy rating and a $5.75 target price for the company. Morgan Stanley boosted 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, Telsey Advisory Group reissued a market perform rating and issued a $4.00 target price on shares of Honest in a research report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Honest has an average rating of Hold and an average target price of $4.55.
Read Our Latest Analysis on Honest
Honest Stock Performance
Shares of NASDAQ:HNST traded down $0.03 during trading on Friday, reaching $3.03. The company had a trading volume of 1,778,905 shares, compared to its average volume of 1,005,422. The firm's fifty day moving average is $3.65 and its 200 day moving average is $2.71. The firm has a market capitalization of $294.00 million, a PE ratio of -7.21 and a beta of 1.83. Honest has a twelve month low of $1.06 and a twelve month high of $4.89.
Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $83.54 million. Equities analysts predict that Honest will post -0.18 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Jessica Warren sold 276,113 shares of the company's stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $3.07, for a total transaction of $847,666.91. Following the completion of the sale, the insider now directly owns 1,629,124 shares of the company's stock, valued at approximately $5,001,410.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Jessica Warren sold 276,113 shares of the company's stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $3.07, for a total transaction of $847,666.91. Following the completion of the sale, the insider now directly owns 1,629,124 shares of the company's stock, valued at approximately $5,001,410.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Brendan Sheehey sold 21,152 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $3.24, for a total transaction of $68,532.48. Following the sale, the general counsel now directly owns 534,620 shares of the company's stock, valued at $1,732,168.80. The disclosure for this sale can be found here. In the last three months, insiders sold 803,229 shares of company stock valued at $2,684,496. Company insiders own 14.60% of the company's stock.
Institutional Trading of Honest
Hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new stake in Honest in the 1st quarter valued at $61,000. Federated Hermes Inc. raised its stake in shares of Honest by 82.6% in the 1st quarter. Federated Hermes Inc. now owns 12,361 shares of the company's stock valued at $64,000 after buying an additional 5,590 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Honest by 375.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 14,632 shares of the company's stock valued at $52,000 after buying an additional 11,552 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Honest in the 2nd quarter valued at $26,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Honest in the 1st quarter valued at $99,000. 45.54% of the stock is owned by institutional investors.
About Honest
(
Get Free Report)
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.
Featured Articles
Before you consider Honest, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Honest wasn't on the list.
While Honest currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
