The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle Sells 37,481 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the completion of the transaction, the senior vice president now owns 307,740 shares of the company’s stock, valued at $1,498,693.80. This trade represents a 10.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Honest Trading Down 4.2 %

Shares of NASDAQ HNST opened at $4.84 on Friday. The stock has a 50 day simple moving average of $5.93 and a 200-day simple moving average of $5.50. The company has a market cap of $527.12 million, a PE ratio of -121.00 and a beta of 2.45. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97.

Honest (NASDAQ:HNST) last announced its earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The firm had revenue of $99.84 million for the quarter, compared to analysts’ expectations of $96.46 million. Sell-side analysts forecast that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HNST has been the subject of a number of research reports. Northland Securities lifted their price target on Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research note on Tuesday, December 17th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $7.00 target price on shares of Honest in a research note on Thursday, February 27th. Two 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.42.

Institutional Investors Weigh In On Honest

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Honest during the fourth quarter worth approximately $26,000. New York State Teachers Retirement System bought a new position in shares of Honest in the fourth quarter valued at $52,000. Zacks Investment Management bought a new position in shares of Honest in the third quarter valued at $37,000. Creative Planning bought a new position in shares of Honest in the third quarter valued at $39,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Honest in the third quarter valued at $40,000. Institutional investors own 45.54% of the company’s stock.

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.