Honest (HNST) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Honest in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" HNST shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HNST, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 1-year price objectives for Honest's shares. Their HNST share price forecasts range from $2.00 to $5.00. On average, they predict the company's stock price to reach $3.19 in the next year. This suggests a possible upside of 100.5% from the stock's current price.
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Honest's stock was trading at $3.01 at the start of the year. Since then, HNST stock has decreased by 47.2% and is now trading at $1.59.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
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The Honest Company, Inc. (NASDAQ:HNST) issued its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.06. The company had revenue of $83.39 million for the quarter, compared to the consensus estimate of $72.79 million. Honest had a negative trailing twelve-month return on equity of 31.18% and a negative net margin of 16.22%.

(HNST) raised $400 million in an initial public offering (IPO) on Wednesday, May 5th 2021. The company issued 25,800,000 shares at a price of $14.00-$17.00 per share. Morgan Stanley, J.P. Morgan, Jefferies, BofA Securities, Citigroup, William Blair and Guggenheim Securities acted as the underwriters for the IPO and Telsey Advisory Group, C.L. King & Associates, Loop Capital Markets, Penserra Securities and Ramirez & Co. were co-managers.

Honest trades on the NASDAQ under the ticker symbol "HNST."

Honest's stock is owned by a number of institutional and retail investors. Top institutional investors include Portolan Capital Management LLC (4.99%), BlackRock Inc. (4.58%), Ameriprise Financial Inc. (1.94%), Allspring Global Investments Holdings LLC (1.59%), Dimensional Fund Advisors LP (1.55%) and Geode Capital Management LLC (1.35%). Insiders that own company stock include Brendan Sheehey, Glenn Klages, James D White, Janis Hoyt, Jasmin Manner, Jeremy Liew, Jessica Warren, Kelly J Kennedy, Lightspeed Venture Partners Vi, Nikolaos A Vlahos, Peter C Gerstberger, Rick Rexing and Stephen Winchell.
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Shares of HNST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HNST stock can currently be purchased for approximately $1.59.

Honest (NASDAQ:HNST) has a market capitalization of $148.51 million and generates $313.65 million in revenue each year. The company earns $-49,020,000.00 in net income (profit) each year or ($0.58) on an earnings per share basis.

The company employs 198 workers across the globe.

Honest's mailing address is 12130 MILLENNIUM DR. 500, LOS ANGELES CA, 90094. The official website for the company is www.honest.com. The company can be reached via phone at 888-862-8818 or via email at investors@honest.com.