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

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

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

Honest Trading Up 0.2%

HNST traded up $0.01 on Friday, reaching $4.88. The stock had a trading volume of 3,932,037 shares, compared to its average volume of 2,475,094. The company has a market capitalization of $537.97 million, a price-to-earnings ratio of -244.00 and a beta of 2.39. Honest has a fifty-two week low of $2.71 and a fifty-two week high of $8.97. The firm has a 50-day moving average of $4.86 and a 200-day moving average of $5.46.

Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Honest had a negative return on equity of 0.95% and a negative net margin of 0.38%. The company had revenue of $97.25 million during the quarter, compared to the consensus estimate of $92.46 million. Sell-side analysts anticipate that Honest will post -0.07 EPS for the current fiscal year.

Insider Buying and Selling at Honest

In other Honest news, insider Stephen Winchell sold 10,746 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total transaction of $57,168.72. Following the completion of the sale, the insider now directly owns 421,098 shares in the company, valued at approximately $2,240,241.36. This trade represents a 2.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jonathan Mayle sold 4,788 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total value of $25,472.16. Following the sale, the senior vice president now directly owns 302,952 shares of the company's stock, valued at $1,611,704.64. This represents a 1.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,726 shares of company stock valued at $881,662. 8.90% of the stock is currently owned by company insiders.

Institutional Trading of Honest

Hedge funds have recently modified their holdings of the stock. Nuveen LLC acquired a new stake in Honest in the first quarter worth $10,554,000. D. E. Shaw & Co. Inc. boosted its position in shares of Honest by 589.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,397,636 shares of the company's stock worth $16,616,000 after purchasing an additional 2,049,981 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Honest by 98.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,073,471 shares of the company's stock valued at $14,445,000 after buying an additional 1,527,080 shares during the period. Vanguard Group Inc. increased its position in Honest by 25.7% in the 4th quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock valued at $35,671,000 after buying an additional 1,052,305 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Honest by 103.5% during the 4th quarter. Nuveen Asset Management LLC now owns 2,046,868 shares of the company's stock worth $14,185,000 after buying an additional 1,041,040 shares during the period. Institutional investors own 45.54% of the company's stock.

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.