Honest (NASDAQ:HNST) CEO Carla Vernon Sells 97,505 Shares

The Honest Company, Inc. (NASDAQ:HNST) CEO Carla Vernon sold 97,505 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $2.60, for a total value of $253,513.00. Following the transaction, the chief executive officer directly owned 2,901,488 shares in the company, valued at $7,543,868.80. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Honest Price Performance

HNST stock traded down $0.01 during trading on Friday, reaching $2.52. The company had a trading volume of 3,088,518 shares, compared to its average volume of 5,499,061. The Honest Company, Inc. has a 52 week low of $2.31 and a 52 week high of $8.97. The business has a 50 day moving average of $3.43 and a 200 day moving average of $4.18. The company has a market cap of $281.71 million, a P/E ratio of 42.00 and a beta of 2.28.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $92.57 million for the quarter, compared to analyst estimates of $99.43 million. Honest had a net margin of 1.85% and a return on equity of 3.86%. Honest has set its FY 2025 guidance at EPS. Research analysts expect that The Honest Company, Inc. will post -0.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group cut their price objective on shares of Honest from $6.00 to $3.00 and set a “market perform” rating for the company in a research report on Thursday, November 6th. B. Riley reiterated a “buy” rating on shares of Honest in a research note on Thursday, November 6th. Morgan Stanley decreased their price target on Honest from $4.25 to $3.00 and set an “equal weight” rating on the stock in a report on Wednesday. Lake Street Capital downgraded shares of Honest from a “buy” rating to a “hold” rating and set a $3.00 target price on the stock. in a report on Thursday, November 6th. Finally, Zacks Research lowered Honest from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.10.

Institutional Trading of Honest

Several hedge funds have recently modified their holdings of the company. Summit Securities Group LLC grew its stake in Honest by 6,101.8% during the 1st quarter. Summit Securities Group LLC now owns 6,822 shares of the company’s stock worth $32,000 after buying an additional 6,712 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Honest by 1,392.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company’s stock worth $26,000 after purchasing an additional 6,599 shares during the period. Equity Wealth Partners LLC purchased a new position in shares of Honest during the 3rd quarter valued at about $37,000. Strategic Blueprint LLC acquired a new stake in Honest during the second quarter worth about $52,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Honest during the 3rd quarter worth approximately $39,000. 45.54% of the stock is owned by hedge funds and other institutional investors.

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.