Shares of The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $5.11 and traded as high as $5.21. Honest shares last traded at $5.17, with a volume of 3,637,828 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Telsey Advisory Group lifted their price target on shares of 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 restated a "buy" rating on shares of Honest in a report on Thursday, August 6th. Morgan Stanley increased their target price on Honest from $3.40 to $5.70 and gave the stock an "equal weight" rating in a research report on Wednesday, August 12th. B. Riley Financial reaffirmed a "buy" rating and issued a $5.50 target price (up from $5.00) on shares of Honest in a research report on Friday. Finally, Freedom Capital upgraded Honest from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $5.42.
Get Our Latest Stock Analysis on Honest
Honest Stock Up 10.7%
The company's fifty day moving average is $5.11 and its 200 day moving average is $3.83. The stock has a market cap of $569.11 million, a PE ratio of 7.49 and a beta of 2.48.
Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.03 earnings per share for the quarter. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. The firm had revenue of $84.61 million for the quarter, compared to analysts' expectations of $80.79 million. Equities analysts expect that The Honest Company, Inc. will post 0.05 EPS for the current year.
Insider Buying and Selling at Honest
In related news, insider Dorria Ball sold 6,812 shares of Honest stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $4.99, for a total transaction of $33,991.88. Following the transaction, the insider owned 418,584 shares in the company, valued at approximately $2,088,734.16. The trade was a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Carla Vernón sold 117,893 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $4.99, for a total transaction of $588,286.07. Following the sale, the chief executive officer directly owned 3,828,558 shares of the company's stock, valued at approximately $19,104,504.42. This trade represents a 2.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 150,854 shares of company stock worth $752,853. 9.40% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Honest
A number of institutional investors and hedge funds have recently bought and sold shares of HNST. Allworth Financial LP purchased a new stake in shares of Honest during the second quarter valued at approximately $26,000. Legal & General Group Plc acquired a new position in shares of Honest during the second quarter worth $36,000. Amundi purchased a new position in shares of Honest in the second quarter valued at $44,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Honest in the second quarter valued at $56,000. Finally, State of Wyoming purchased a new position in shares of Honest in the second quarter valued at $75,000. Hedge funds and other institutional investors own 45.54% of the company's stock.
About Honest
(
Get Free Report)
The Honest Company, Inc is a consumer products company that develops and sells personal care, beauty, baby, and household products. Its offerings include diapers, wipes, baby care items, skin care, hair care, personal care products, and household cleaning solutions, with an emphasis on ingredient transparency and products positioned as safer and more sustainable alternatives.
Founded in 2011 by actress and entrepreneur Jessica Alba, Honest sells its products through its website and retail partners.
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