Honest (NASDAQ:HNST) Director Andrea Turner Sells 29,899 Shares

The Honest Company, Inc. (NASDAQ:HNST) Director Andrea Turner sold 29,899 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $5.21, for a total value of $155,773.79. Following the completion of the sale, the director owned 252,405 shares of the company’s stock, valued at $1,315,030.05. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Andrea Turner also recently made the following trade(s):

• On Monday, August 10th, Andrea Turner sold 34,396 shares of Honest stock. The stock was sold at an average price of $5.30, for a total value of $182,298.80.

Honest Price Performance

HNST stock opened at $5.21 on Wednesday. The firm has a market cap of $573.52 million, a price-to-earnings ratio of -47.36 and a beta of 2.12. The Honest Company, Inc. has a 1-year low of $2.07 and a 1-year high of $5.84. The firm has a fifty day moving average price of $3.85 and a two-hundred day moving average price of $3.23.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $80.19 million for the quarter, compared to the consensus estimate of $77.83 million. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. As a group, analysts expect that The Honest Company, Inc. will post 0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HNST shares. Alliance Global Partners reiterated a “buy” rating on shares of Honest in a research report on Thursday, August 6th. Wall Street Zen upgraded Honest from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Honest in a research note on Tuesday, May 26th. Telsey Advisory Group boosted their price target on Honest from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Finally, Freedom Capital raised Honest from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Honest presently has a consensus rating of “Hold” and a consensus price target of $4.38.

Institutional Trading of Honest

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Honest by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company’s stock worth $235,000 after buying an additional 3,210 shares during the last quarter. Osaic Holdings Inc. grew its position in Honest by 33.9% during the 2nd quarter. Osaic Holdings Inc. now owns 14,577 shares of the company’s stock worth $74,000 after purchasing an additional 3,693 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Honest by 14.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,734 shares of the company’s stock worth $172,000 after purchasing an additional 4,378 shares in the last quarter. Wealthfront Advisers LLC raised its stake in Honest by 24.0% during the 4th quarter. Wealthfront Advisers LLC now owns 25,177 shares of the company’s stock valued at $65,000 after purchasing an additional 4,873 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in Honest by 1,392.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company’s stock valued at $26,000 after purchasing an additional 6,599 shares during the period. 45.54% of the stock is currently owned by institutional investors.

Honest Company Profile

The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.