Tudor Investment Corp ET AL Invests $4.18 Million in The Honest Company, Inc. (NASDAQ:HNST)

Tudor Investment Corp ET AL purchased a new stake in The Honest Company, Inc. (NASDAQ:HNST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 602,546 shares of the company's stock, valued at approximately $4,176,000. Tudor Investment Corp ET AL owned approximately 0.60% of Honest as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Ieq Capital LLC boosted its position in Honest by 61.3% during the 4th quarter. Ieq Capital LLC now owns 130,651 shares of the company's stock valued at $905,000 after buying an additional 49,673 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Honest during the fourth quarter worth about $819,000. Vanguard Group Inc. grew its stake in shares of Honest by 25.7% in 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 last quarter. Barclays PLC increased its holdings in Honest by 298.9% during the 3rd quarter. Barclays PLC now owns 110,386 shares of the company's stock valued at $394,000 after purchasing an additional 82,713 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Honest in the 4th quarter worth approximately $756,000. Institutional investors own 45.54% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 price target on shares of Honest in a research note on Wednesday, April 30th. Two 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 stock. According to data from MarketBeat, Honest has an average rating of "Moderate Buy" and an average target price of $7.70.

Insider Activity

In related news, insider Stephen Winchell sold 20,000 shares of the 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 completion of the sale, the insider now directly owns 431,844 shares of the company's stock, valued at $2,150,583.12. This trade 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 through this link. Also, SVP Jonathan Mayle sold 37,481 shares of the company's 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 transaction, the senior vice president now owns 307,740 shares in the company, valued at $1,498,693.80. The trade was a 10.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.60% of the company's stock.

Honest Price Performance

NASDAQ HNST traded down $0.02 on Wednesday, hitting $4.95. The stock had a trading volume of 967,392 shares, compared to its average volume of 2,425,682. The stock has a market cap of $545.09 million, a price-to-earnings ratio of -123.63 and a beta of 2.43. The Honest Company, Inc. has a 52-week low of $2.40 and a 52-week high of $8.97. The business's fifty day moving average price is $4.76 and its 200 day moving average price is $5.73.

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

Honest 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.