Peak6 LLC Makes New $653,000 Investment in The Honest Company, Inc. (NASDAQ:HNST)

Peak6 LLC acquired a new stake in The Honest Company, Inc. (NASDAQ:HNST) during the fourth quarter, HoldingsChannel reports. The firm acquired 94,244 shares of the company’s stock, valued at approximately $653,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HNST. SBI Securities Co. Ltd. acquired a new position in Honest in the fourth quarter valued at approximately $26,000. New York State Teachers Retirement System purchased a new stake in shares of Honest during the 4th quarter worth approximately $52,000. Fox Run Management L.L.C. acquired a new position in shares of Honest in the 4th quarter valued at $89,000. Walleye Trading LLC purchased a new position in shares of Honest in the 4th quarter valued at $109,000. Finally, Entropy Technologies LP acquired a new stake in Honest during the 4th quarter worth $115,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

Honest Price Performance

HNST stock opened at $4.39 on Monday. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The company has a market cap of $478.11 million, a price-to-earnings ratio of -109.75 and a beta of 2.44. The company has a fifty day moving average price of $5.05 and a 200 day moving average price of $5.65.

Honest (NASDAQ:HNST) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $96.46 million. As a group, analysts anticipate that The Honest Company, Inc. will post -0.07 earnings per share for the current year.

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.