The Honest Company, Inc. (NASDAQ:HNST) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• The Honest Company has received an average analyst rating of "Moderate Buy" from six analysts, with three holding a neutral position and three recommending a buy.
• Recent earnings showed Honest reporting $0.03 earnings per share, which was below analysts' expectations of $0.05, though revenue exceeded estimates at $93.46 million.
• Insider trading activity included sales totaling approximately $89,000 for two insiders, indicating a 1.75% decrease in their stock ownership post-sale.

The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.9583.

HNST has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on shares of Honest from $5.50 to $4.25 and set an "equal weight" rating for the company in a report on Friday, August 15th. Telsey Advisory Group cut their price objective on shares of Honest from $7.00 to $6.00 and set a "market perform" rating for the company in a report on Thursday, August 7th.

Honest Stock Performance

HNST traded down $0.11 on Friday, reaching $3.66. The company had a trading volume of 4,570,643 shares, compared to its average volume of 4,731,351. Honest has a fifty-two week low of $3.32 and a fifty-two week high of $8.97. The stock has a market cap of $407.25 million, a P/E ratio of 73.21 and a beta of 2.34. The company's fifty day moving average is $4.56 and its 200 day moving average is $4.90.

Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). Honest had a net margin of 1.66% and a return on equity of 3.84%. The company had revenue of $93.46 million during the quarter, compared to analyst estimates of $92.18 million. On average, sell-side analysts expect that Honest will post -0.07 EPS for the current year.

Institutional Trading of Honest

Institutional investors have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. boosted its holdings in Honest by 589.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,397,636 shares of the company's stock valued at $16,616,000 after purchasing an additional 2,049,981 shares during the period. GSA Capital Partners LLP boosted its holdings in Honest by 68.2% in the 1st quarter. GSA Capital Partners LLP now owns 272,284 shares of the company's stock valued at $1,280,000 after purchasing an additional 110,408 shares during the period. Jefferies Financial Group Inc. bought a new stake in Honest in the 4th quarter valued at about $932,000. Dimensional Fund Advisors LP raised its position in shares of Honest by 27.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,396,615 shares of the company's stock valued at $9,678,000 after buying an additional 299,186 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Honest by 103.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,046,868 shares of the company's stock valued at $14,185,000 after buying an additional 1,041,040 shares in the last quarter. Institutional investors own 45.54% of the company's stock.

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.