The Honest Company, Inc. $HNST Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in shares of The Honest Company, Inc. (NASDAQ:HNST) by 90.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,755 shares of the company’s stock after selling 566,845 shares during the period. Renaissance Technologies LLC owned 0.06% of Honest worth $182,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Honest by 6.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company’s stock worth $235,000 after purchasing an additional 3,210 shares during the last quarter. Millennium Management LLC raised its stake in Honest by 16.4% during the first quarter. Millennium Management LLC now owns 1,936,846 shares of the company’s stock worth $9,103,000 after purchasing an additional 272,765 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Honest by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,064,179 shares of the company’s stock valued at $5,002,000 after purchasing an additional 163,380 shares during the last quarter. Creative Planning boosted its holdings in shares of Honest by 183.2% in the 2nd quarter. Creative Planning now owns 64,942 shares of the company’s stock valued at $331,000 after purchasing an additional 42,008 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Honest by 18.1% during the 2nd quarter. Rhumbline Advisers now owns 134,690 shares of the company’s stock valued at $686,000 after buying an additional 20,603 shares during the period. 45.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Honest

In related news, SVP Jonathan Mayle sold 79,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $5.22, for a total transaction of $412,380.00. Following the sale, the senior vice president directly owned 370,155 shares in the company, valued at approximately $1,932,209.10. This trade represents a 17.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrea Turner sold 29,899 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $5.21, for a total value of $155,773.79. Following the transaction, the director directly owned 252,405 shares in the company, valued at $1,315,030.05. This trade represents a 10.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 143,295 shares of company stock valued at $750,453. Insiders own 9.40% of the company’s stock.

Honest Trading Down 1.2%

Shares of Honest stock opened at $4.96 on Friday. The Honest Company, Inc. has a twelve month low of $2.07 and a twelve month high of $5.84. The stock has a market cap of $546.00 million, a price-to-earnings ratio of -45.09 and a beta of 2.12. The company has a fifty day moving average price of $4.06 and a 200 day moving average price of $3.35.

Honest (NASDAQ:HNST) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $80.19 million for the quarter, compared to analyst estimates of $77.83 million. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%. Analysts forecast that The Honest Company, Inc. will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

HNST has been the topic of several research reports. Weiss Ratings raised Honest from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Freedom Capital raised Honest from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded Honest from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Alliance Global Partners reissued a “buy” rating on shares of Honest in a research report on Thursday, August 6th. Finally, Northland Securities set a $5.50 price target on shares of Honest in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.84.

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.