Stephen Winchell Sells 7,283 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) EVP Stephen Winchell sold 7,283 shares of Honest stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $2.77, for a total value of $20,173.91. Following the sale, the executive vice president now directly owns 421,674 shares in the company, valued at $1,168,036.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Stephen Winchell also recently made the following trade(s):

• On Thursday, March 7th, Stephen Winchell sold 19,665 shares of Honest stock. The shares were sold at an average price of $3.24, for a total value of $63,714.60.

Honest Price Performance

Shares of Honest stock opened at $2.66 on Friday. The stock has a market capitalization of $262.38 million, a PE ratio of -11.56 and a beta of 1.91. The Honest Company, Inc. has a 1-year low of $1.06 and a 1-year high of $4.89. The company’s fifty day simple moving average is $3.38 and its 200-day simple moving average is $3.01.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $90.26 million for the quarter, compared to analysts’ expectations of $83.54 million. Honest had a negative return on equity of 17.44% and a negative net margin of 6.27%. As a group, research analysts anticipate that The Honest Company, Inc. will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Honest by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 2,851,501 shares of the company’s stock valued at $11,549,000 after acquiring an additional 268,600 shares during the last quarter. GSA Capital Partners LLP increased its position in Honest by 25.3% during the third quarter. GSA Capital Partners LLP now owns 1,078,733 shares of the company’s stock valued at $1,359,000 after acquiring an additional 217,721 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Honest in the first quarter valued at $3,777,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Honest by 973.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 430,090 shares of the company’s stock worth $1,742,000 after purchasing an additional 390,022 shares during the period. Finally, Green Alpha Advisors LLC grew its holdings in Honest by 1.3% during the 1st quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock valued at $1,681,000 after purchasing an additional 5,249 shares during the last quarter. 45.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price target on shares of Honest in a research note on Thursday, May 9th. Lake Street Capital assumed coverage on Honest in a report on Thursday, April 4th. They issued a “buy” rating and a $6.00 target price on the stock. Morgan Stanley lifted their price target on Honest from $1.85 to $4.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Loop Capital reduced their price objective on shares of Honest from $5.00 to $3.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Finally, Alliance Global Partners initiated coverage on shares of Honest in a report on Tuesday, February 6th. They set a “buy” rating and a $5.75 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Honest presently has an average rating of “Hold” and a consensus price target of $4.55.

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.