Honest (NASDAQ:HNST) Director Sells $182,298.80 in Stock

The Honest Company, Inc. (NASDAQ:HNST) Director Andrea Turner sold 34,396 shares of Honest stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $5.30, for a total transaction of $182,298.80. Following the sale, the director directly owned 282,304 shares in the company, valued at $1,496,211.20. The trade was a 10.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, August 11th, Andrea Turner sold 29,899 shares of Honest stock. The stock was sold at an average price of $5.21, for a total transaction of $155,773.79.

Honest Price Performance

HNST traded down $0.02 on Tuesday, hitting $5.21. The company had a trading volume of 3,638,825 shares, compared to its average volume of 1,862,362. The Honest Company, Inc. has a 52-week low of $2.07 and a 52-week high of $5.84. The firm has a market capitalization of $573.52 million, a P/E ratio of -47.36 and a beta of 2.12. The stock has a fifty day simple moving average of $3.81 and a 200-day simple moving average of $3.22.

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

Institutional Investors Weigh In On Honest

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HNST shares. Weiss Ratings restated a “sell (d-)” rating on shares of Honest in a report on Tuesday, May 26th. Alliance Global Partners reiterated a “buy” rating on shares of Honest in a research note on Thursday, August 6th. Freedom Capital raised shares of Honest from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of Honest from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, B. Riley Financial upped their price objective on shares of Honest from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Honest currently has an average rating of “Hold” and an average price target of $4.38.

About Honest

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.