The Honest Company, Inc. (NASDAQ:HNST) Receives $7.70 Consensus Target Price from Analysts

Shares of The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $7.70.

Separately, Telsey Advisory Group restated a "market perform" rating and set a $7.00 price target on shares of Honest in a research note on Thursday, May 8th.

Insider Buying and Selling at Honest

In other Honest news, SVP Jonathan Mayle sold 37,481 shares of the firm's stock in a transaction 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 directly owns 307,740 shares of the company's stock, valued at $1,498,693.80. This trade represents a 10.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Winchell sold 20,000 shares of Honest stock in a transaction 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 of the company's stock, valued at $2,150,583.12. This represents a 4.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 223,207 shares of company stock valued at $1,163,795 in the last three months. Company insiders own 8.90% of the company's stock.

Hedge Funds Weigh In On Honest

A number of large investors have recently added to or reduced their stakes in HNST. SBI Securities Co. Ltd. purchased a new position in Honest in the 4th quarter worth $26,000. Summit Securities Group LLC raised its position in Honest by 6,101.8% in the 1st quarter. Summit Securities Group LLC now owns 6,822 shares of the company's stock worth $32,000 after purchasing an additional 6,712 shares during the period. New York State Teachers Retirement System purchased a new position in Honest in the 4th quarter worth $52,000. DRW Securities LLC purchased a new position in shares of Honest in the first quarter valued at about $58,000. Finally, Aigen Investment Management LP purchased a new position in shares of Honest in the first quarter valued at about $64,000. Hedge funds and other institutional investors own 45.54% of the company's stock.

Honest Price Performance

Shares of HNST stock traded up $0.05 on Monday, reaching $5.12. 2,875,341 shares of the company were exchanged, compared to its average volume of 2,371,646. The company has a market cap of $564.41 million, a price-to-earnings ratio of -128.00 and a beta of 2.39. The company has a 50-day moving average of $4.77 and a 200-day moving average of $5.80. Honest has a one year low of $2.40 and a one year high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. The business had revenue of $97.25 million for the quarter, compared to analysts' expectations of $92.46 million. As a group, sell-side analysts predict that Honest will post -0.07 EPS for the current year.

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.