Echo Wealth Management LLC Sells 1,864 Shares of The Honest Company, Inc. (NASDAQ:HNST)

Echo Wealth Management LLC decreased its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,295 shares of the company’s stock after selling 1,864 shares during the quarter. Echo Wealth Management LLC owned approximately 0.07% of Honest worth $522,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Zacks Investment Management acquired a new position in shares of Honest during the 3rd quarter worth about $37,000. Creative Planning acquired a new stake in shares of Honest in the third quarter valued at approximately $39,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Honest during the 3rd quarter worth approximately $40,000. Castleview Partners LLC acquired a new position in shares of Honest during the 3rd quarter worth approximately $71,000. Finally, US Bancorp DE bought a new stake in Honest in the 3rd quarter valued at $78,000. Institutional investors own 45.54% of the company’s stock.

Honest Price Performance

HNST opened at $6.13 on Friday. The business’s fifty day moving average is $7.08 and its 200-day moving average is $5.03. The Honest Company, Inc. has a 52-week low of $2.40 and a 52-week high of $8.97.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HNST shares. Northland Securities increased their price objective on shares of Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. B. Riley raised their price objective on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Telsey Advisory Group upped their target price on Honest from $6.00 to $7.00 and gave the company a “market perform” rating in a research report on Friday, January 10th. Loop Capital cut Honest from a “buy” rating to a “hold” rating and set a $7.00 price target for the company. in a report on Tuesday, December 17th. Finally, Alliance Global Partners upped their price objective on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.93.

Insider Buying and Selling at Honest

In other Honest news, CFO David Loretta sold 27,004 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total transaction of $191,728.40. Following the sale, the chief financial officer now owns 960,753 shares of the company’s stock, valued at approximately $6,821,346.30. The trade was a 2.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Brendan Sheehey sold 92,138 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $8.13, for a total value of $749,081.94. Following the completion of the transaction, the general counsel now owns 516,816 shares of the company’s stock, valued at $4,201,714.08. The trade was a 15.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 799,818 shares of company stock valued at $5,975,421 in the last ninety days. 8.60% of the stock is currently owned by company insiders.

Honest 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.