The Honest Company, Inc. (NASDAQ:HNST) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,372,200 shares of the company's stock after acquiring an additional 398,603 shares during the period. Renaissance Technologies LLC owned 2.35% of Honest worth $16,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of HNST. Valmark Advisers Inc. raised its holdings in shares of Honest by 1.7% during the fourth quarter. Valmark Advisers Inc. now owns 163,015 shares of the company's stock worth $1,130,000 after purchasing an additional 2,735 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Honest during the fourth quarter worth approximately $26,000. Legal & General Group Plc lifted its position in shares of Honest by 30.1% during the 4th quarter. Legal & General Group Plc now owns 26,571 shares of the company's stock valued at $184,000 after buying an additional 6,146 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Honest by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company's stock valued at $805,000 after purchasing an additional 7,379 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in Honest in the 4th quarter worth about $52,000. 45.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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, February 27th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.70.

Insider Buying and Selling at Honest

In other Honest news, insider Stephen Winchell sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were 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. This represents a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total transaction of $182,532.47. Following the sale, the senior vice president now directly owns 307,740 shares in the company, valued at $1,498,693.80. This represents a 10.86 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.60% of the company's stock.

Honest Stock Down 0.7 %

Shares of Honest stock traded down $0.03 during mid-day trading on Friday, hitting $4.39. The stock had a trading volume of 1,672,206 shares, compared to its average volume of 2,147,483. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97. The firm has a market cap of $478.11 million, a P/E ratio of -109.75 and a beta of 2.44. The firm has a 50-day moving average of $5.05 and a two-hundred day moving average of $5.65.

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

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.