EAM Investors LLC Takes Position in The Honest Company, Inc. (NASDAQ:HNST)

EAM Investors LLC acquired a new position in The Honest Company, Inc. (NASDAQ:HNST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 171,229 shares of the company’s stock, valued at approximately $1,187,000. EAM Investors LLC owned about 0.17% of Honest as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HNST. Valmark Advisers Inc. lifted its stake in Honest by 1.7% during the 4th quarter. Valmark Advisers Inc. now owns 163,015 shares of the company’s stock valued at $1,130,000 after acquiring an additional 2,735 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Honest during the fourth quarter worth $26,000. Legal & General Group Plc lifted its position in Honest by 30.1% during the fourth quarter. Legal & General Group Plc now owns 26,571 shares of the company’s stock valued at $184,000 after purchasing an additional 6,146 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Honest by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company’s stock valued at $805,000 after purchasing an additional 7,379 shares during the period. Finally, New York State Teachers Retirement System purchased a new stake in Honest in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Honest Stock Performance

Shares of Honest stock opened at $4.42 on Thursday. The Honest Company, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $8.97. The company has a market cap of $481.38 million, a P/E ratio of -110.50 and a beta of 2.44. The firm has a 50-day simple moving average of $5.11 and a two-hundred day simple moving average of $5.61.

Honest (NASDAQ:HNST) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $99.84 million for the quarter, compared to analyst estimates of $96.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. Equities research analysts forecast that The Honest Company, Inc. will post -0.07 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of Honest in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $7.70.

Insider Buying and Selling

In related news, SVP Jonathan Mayle sold 37,481 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total transaction of $182,532.47. Following the completion of the transaction, the senior vice president now owns 307,740 shares in the company, valued at $1,498,693.80. This represents a 10.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Winchell sold 20,000 shares of Honest stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total value of $99,600.00. Following the completion of the sale, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. The trade was a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

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.