Investment Analysts’ Weekly Ratings Changes for Honest (HNST)

Several analysts have recently updated their ratings and price targets for Honest (NASDAQ: HNST):

• 11/13/2024 – Honest had its price target raised by analysts at Northland Securities from $6.50 to $7.50. They now have an “outperform” rating on the stock.
• 11/13/2024 – Honest had its price target raised by analysts at Telsey Advisory Group from $4.00 to $6.00. They now have a “market perform” rating on the stock.
• 11/13/2024 – Honest had its price target raised by analysts at B. Riley from $6.50 to $7.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Honest had its price target raised by analysts at Alliance Global Partners from $5.75 to $8.00. They now have a “buy” rating on the stock.

Honest Stock Up 6.3 %

Shares of NASDAQ:HNST opened at $6.91 on Monday. The company’s 50-day moving average price is $3.96 and its 200 day moving average price is $3.53. The company has a market cap of $697.63 million, a PE ratio of -172.75 and a beta of 1.85. The Honest Company, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $7.14.

Insider Activity at Honest

In other news, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $3.50, for a total value of $8,050,000.00. Following the completion of the transaction, the insider now directly owns 9,869,803 shares in the company, valued at $34,544,310.50. This trade represents a 18.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David Loretta sold 75,656 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total value of $323,807.68. Following the completion of the sale, the chief financial officer now owns 987,757 shares of the company’s stock, valued at $4,227,599.96. This trade represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,461,187 shares of company stock worth $8,739,880 in the last three months. 8.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Honest

Institutional investors and hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd raised its holdings in shares of Honest by 7.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 80,544 shares of the company’s stock worth $288,000 after purchasing an additional 5,330 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Honest during the 1st quarter valued at $27,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Honest by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company’s stock worth $805,000 after acquiring an additional 7,379 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Honest by 6.4% in the 2nd quarter. XTX Topco Ltd now owns 137,797 shares of the company’s stock worth $402,000 after acquiring an additional 8,282 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of Honest during the third quarter worth $37,000. 45.54% of the stock is owned by institutional investors and hedge funds.

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.