The Honest Company, Inc. (NASDAQ:HNST) EVP Stephen Winchell Sells 7,123 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) EVP Stephen Winchell sold 7,123 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total value of $50,573.30. Following the completion of the sale, the executive vice president now owns 382,613 shares of the company’s stock, valued at $2,716,552.30. This represents a 1.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Honest Price Performance

NASDAQ:HNST opened at $7.25 on Thursday. The Honest Company, Inc. has a 12-month low of $1.57 and a 12-month high of $7.57. The stock’s 50 day simple moving average is $4.16 and its 200-day simple moving average is $3.61.

Institutional Trading of Honest

Institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in Honest in the 1st quarter valued at approximately $27,000. Zacks Investment Management purchased a new stake in Honest in the 3rd quarter valued at about $37,000. Creative Planning purchased a new stake in Honest in the third quarter valued at approximately $39,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Honest during the 3rd quarter worth $40,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Honest in the 2nd quarter valued at about $43,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Alliance Global Partners raised their target price on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. B. Riley upped 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 upped their price objective on shares of Honest from $4.00 to $6.00 and gave the stock a “market perform” 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, Northland Securities lifted their target price on shares of Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.93.

About Honest

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.