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

The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $7.70.

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 target price on shares of Honest in a report on Thursday, May 8th.

Insider Transactions at Honest

In related news, insider Stephen Winchell sold 10,746 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $5.32, for a total value of $57,168.72. Following the completion of the sale, the insider owned 421,098 shares in the company, valued at $2,240,241.36. This represents a 2.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dorria L. Ball sold 4,836 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $5.32, for a total transaction of $25,727.52. Following the completion of the sale, the insider owned 272,247 shares of the company's stock, valued at approximately $1,448,354.04. This represents a 1.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,726 shares of company stock worth $881,662 over the last ninety days. 8.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Honest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. boosted its stake 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 buying an additional 2,049,981 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Honest by 25.7% during the fourth quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company's stock worth $35,671,000 after purchasing an additional 1,052,305 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Honest during the fourth quarter worth approximately $932,000. Dimensional Fund Advisors LP increased its stake in Honest by 27.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,396,615 shares of the company's stock valued at $9,678,000 after acquiring an additional 299,186 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Honest by 103.5% in the fourth 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. 45.54% of the stock is owned by institutional investors and hedge funds.

Honest Stock Performance

Shares of Honest stock traded up $0.36 during trading on Tuesday, reaching $4.95. The company's stock had a trading volume of 3,984,338 shares, compared to its average volume of 2,493,554. Honest has a one year low of $2.99 and a one year high of $8.97. The firm has a market cap of $545.69 million, a price-to-earnings ratio of -247.50 and a beta of 2.35. The business's fifty day moving average price is $4.85 and its 200-day moving average price is $5.15.

Honest (NASDAQ:HNST - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $97.25 million for the quarter, compared to analyst estimates of $92.46 million. Honest had a negative return on equity of 0.95% and a negative net margin of 0.38%. Sell-side analysts anticipate that Honest will post -0.07 EPS 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.