The Honest Company, Inc. (NASDAQ:HNST) Director James D. White Sells 25,000 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) Director James D. White sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the director now owns 284,244 shares of the company’s stock, valued at $2,043,714.36. This trade represents a 8.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Honest Trading Up 4.1 %

NASDAQ:HNST traded up $0.31 during trading hours on Friday, reaching $7.96. 1,875,289 shares of the company were exchanged, compared to its average volume of 1,478,107. The firm has a market cap of $803.64 million, a PE ratio of -191.13 and a beta of 1.85. The Honest Company, Inc. has a twelve month low of $1.83 and a twelve month high of $8.03. The stock’s 50-day moving average is $4.24 and its 200-day moving average is $3.64.

Analyst Ratings Changes

HNST has been the topic of a number of recent analyst reports. B. Riley increased their target price on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Telsey Advisory Group lifted their target price on Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Northland Securities increased their price target on Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Northland Capmk raised shares of Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, Alliance Global Partners boosted their price target on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honest currently has an average rating of “Moderate Buy” and a consensus price target of $5.93.

Institutional Trading of Honest

Several large investors have recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in Honest during the first quarter worth approximately $27,000. Zacks Investment Management acquired a new position in shares of Honest during the 3rd quarter valued at about $37,000. Creative Planning purchased a new stake in shares of Honest in the third quarter valued at about $39,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Honest during the third quarter worth $40,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Honest in the 2nd quarter valued at $43,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Honest Company Profile

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.