Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) Insider Sells $758,906.85 in Stock

The Honest Company, Inc. (NASDAQ:HNSTGet Free Report) insider Jessica Warren sold 253,815 shares of Honest stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $2.99, for a total transaction of $758,906.85. Following the sale, the insider now directly owns 1,109,489 shares in the company, valued at $3,317,372.11. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jessica Warren also recently made the following trade(s):

  • On Wednesday, April 17th, Jessica Warren sold 276,113 shares of Honest stock. The shares were sold at an average price of $3.07, for a total transaction of $847,666.91.
  • On Thursday, March 7th, Jessica Warren sold 23,324 shares of Honest stock. The shares were sold at an average price of $3.24, for a total transaction of $75,569.76.

Honest Stock Performance

NASDAQ:HNST opened at $3.03 on Monday. The firm’s fifty day moving average is $3.65 and its 200-day moving average is $2.73. The Honest Company, Inc. has a 52 week low of $1.06 and a 52 week high of $4.89. The firm has a market cap of $294.00 million, a P/E ratio of -7.21 and a beta of 1.83.

Honest (NASDAQ:HNSTGet Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. Honest had a negative net margin of 11.39% and a negative return on equity of 30.36%. The company had revenue of $90.26 million for the quarter, compared to analyst estimates of $83.54 million. As a group, sell-side analysts anticipate that The Honest Company, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $4.00 price target on shares of Honest in a report on Wednesday, April 10th. Alliance Global Partners assumed coverage on shares of Honest in a report on Tuesday, February 6th. They set a “buy” rating and a $5.75 target price on the stock. Loop Capital reduced their target price on shares of Honest from $5.00 to $3.00 and set a “hold” rating on the stock in a report on Friday. Lake Street Capital assumed coverage on shares of Honest in a report on Thursday, April 4th. They set a “buy” rating and a $6.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of Honest from $1.85 to $4.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.55.

View Our Latest Stock Report on HNST

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in shares of Honest during the 2nd quarter valued at $26,000. Tower Research Capital LLC TRC bought a new position in Honest during the third quarter valued at about $41,000. LPL Financial LLC bought a new position in Honest during the second quarter valued at about $60,000. Bank of Montreal Can grew its position in Honest by 37.4% during the second quarter. Bank of Montreal Can now owns 19,383 shares of the company’s stock valued at $61,000 after buying an additional 5,275 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Honest during the first quarter valued at about $61,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Honest Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Honest (NASDAQ:HNST)

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