The Honest Company, Inc. (NASDAQ:HNST) General Counsel Sells $749,081.94 in Stock

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 92,138 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $8.13, for a total transaction of $749,081.94. Following the sale, the general counsel now directly owns 516,816 shares of the company’s stock, valued at $4,201,714.08. This represents a 15.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Brendan Sheehey also recently made the following trade(s):

• On Monday, November 18th, Brendan Sheehey sold 107,653 shares of Honest stock. The shares were sold at an average price of $7.01, for a total transaction of $754,647.53.
• On Wednesday, November 20th, Brendan Sheehey sold 8,392 shares of Honest stock. The shares were sold at an average price of $7.10, for a total transaction of $59,583.20.

Honest Trading Up 1.3 %

NASDAQ:HNST opened at $8.29 on Monday. The Honest Company, Inc. has a twelve month low of $2.02 and a twelve month high of $8.97. The firm has a market capitalization of $836.97 million, a price-to-earnings ratio of -207.25 and a beta of 1.85. The firm’s fifty day simple moving average is $4.77 and its 200 day simple moving average is $3.87.

Hedge Funds Weigh In On Honest

A number of institutional investors have recently added to or reduced their stakes in HNST. Zacks Investment Management acquired a new position in Honest in the 3rd quarter worth $37,000. Creative Planning acquired a new position in Honest in the 3rd quarter worth $39,000. Wealth Enhancement Advisory Services LLC acquired a new position in Honest in the 3rd quarter worth $40,000. Panagora Asset Management Inc. acquired a new position in Honest in the 2nd quarter worth $43,000. Finally, Lazard Asset Management LLC acquired a new position in Honest in the 1st quarter worth $52,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HNST. Alliance Global Partners boosted their price objective 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. Northland Securities boosted their price objective on shares of Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Telsey Advisory Group lifted their target price on shares of Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Northland Capmk upgraded shares of Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, B. Riley lifted their target price on shares of Honest from $6.50 to $7.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.93.

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.