The Honest Company, Inc. (NASDAQ:HNST) Receives $4.79 Average Target Price from Analysts

The Honest Company, Inc. (NASDAQ:HNST) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $4.79.

Several equities analysts recently issued reports on the company. Northland Securities assumed coverage on Honest in a report on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 price target on the stock. Loop Capital upgraded Honest from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Tuesday, June 25th. Finally, Northland Capmk upgraded Honest to a “strong-buy” rating in a report on Tuesday, August 6th.

Honest Stock Performance

Shares of HNST stock opened at $4.02 on Friday. The stock’s fifty day moving average is $3.73 and its 200-day moving average is $3.41. The stock has a market capitalization of $396.52 million, a PE ratio of -17.48 and a beta of 1.90. Honest has a 52 week low of $1.06 and a 52 week high of $4.89.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $93.05 million for the quarter, compared to analysts’ expectations of $87.63 million. Honest had a negative return on equity of 10.00% and a negative net margin of 3.50%. During the same quarter last year, the business earned ($0.14) earnings per share. As a group, analysts forecast that Honest will post -0.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Honest news, Director James D. White sold 70,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $3.98, for a total transaction of $278,600.00. Following the transaction, the director now owns 309,244 shares in the company, valued at $1,230,791.12. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director James D. White sold 70,000 shares of Honest stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $3.98, for a total transaction of $278,600.00. Following the transaction, the director now owns 309,244 shares in the company, valued at approximately $1,230,791.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Loretta sold 75,656 shares of Honest stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total value of $323,807.68. Following the transaction, the chief financial officer now owns 987,757 shares in the company, valued at approximately $4,227,599.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 231,187 shares of company stock worth $968,480. Insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Honest

Several institutional investors have recently modified their holdings of the business. Green Alpha Advisors LLC lifted its holdings in shares of 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 in the last quarter. EntryPoint Capital LLC bought a new position in shares of Honest during the 1st quarter valued at about $27,000. XTX Topco Ltd lifted its stake in Honest by 6.4% in the 2nd quarter. XTX Topco Ltd now owns 137,797 shares of the company’s stock valued at $402,000 after acquiring an additional 8,282 shares in the last quarter. Wade G W & Inc. lifted its stake in Honest by 6.3% in the 4th quarter. Wade G W & Inc. now owns 197,290 shares of the company’s stock valued at $651,000 after acquiring an additional 11,685 shares in the last quarter. Finally, Algert Global LLC lifted its stake in Honest by 24.4% in the 2nd quarter. Algert Global LLC now owns 63,472 shares of the company’s stock valued at $185,000 after acquiring an additional 12,437 shares in the last quarter. Institutional investors own 45.54% of the company’s stock.

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.