The Honest Company, Inc. (NASDAQ:HNST) EVP Sells $20,173.91 in Stock

The Honest Company, Inc. (NASDAQ:HNST) EVP Stephen Winchell sold 7,283 shares of Honest stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $2.77, for a total value of $20,173.91. Following the completion of the transaction, the executive vice president now owns 421,674 shares in the company, valued at approximately $1,168,036.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Stephen Winchell also recently made the following trade(s):

• On Thursday, March 7th, Stephen Winchell sold 19,665 shares of Honest stock. The stock was sold at an average price of $3.24, for a total value of $63,714.60.

Honest Stock Performance

Shares of HNST traded down $0.04 during midday trading on Thursday, hitting $2.71. 167,395 shares of the company traded hands, compared to its average volume of 959,979. The firm has a 50 day moving average of $3.42 and a 200-day moving average of $3.01. The Honest Company, Inc. has a 52 week low of $1.06 and a 52 week high of $4.89. The stock has a market cap of $267.31 million, a price-to-earnings ratio of -11.96 and a beta of 1.91.

Honest (NASDAQ:HNST) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. The business had revenue of $90.26 million during the quarter, compared to the consensus estimate of $83.54 million. Honest had a negative net margin of 6.27% and a negative return on equity of 17.44%. Sell-side analysts predict that The Honest Company, Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Honest

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in shares of Honest during the first quarter valued at approximately $27,000. Lazard Asset Management LLC acquired a new stake in shares of Honest during the first quarter worth $52,000. Pathstone Family Office LLC raised its holdings in shares of Honest by 159.4% during the third quarter. Pathstone Family Office LLC now owns 64,860 shares of the company’s stock worth $82,000 after purchasing an additional 39,860 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of Honest during the third quarter worth $89,000. Finally, SG Americas Securities LLC purchased a new position in shares of Honest during the first quarter worth $93,000. 45.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Alliance Global Partners assumed coverage on Honest in a research note on Tuesday, February 6th. They issued a “buy” rating and a $5.75 target price on the stock. Lake Street Capital assumed coverage on Honest in a research report on Thursday, April 4th. They set a “buy” rating and a $6.00 price objective on the stock. Morgan Stanley boosted their price target on Honest from $1.85 to $4.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 price objective on shares of Honest in a report on Thursday, May 9th. Finally, Loop Capital decreased their price objective on shares of Honest from $5.00 to $3.00 and set a “hold” rating for the company in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Honest currently has a consensus rating of “Hold” and a consensus target price of $4.55.

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.