Honest (NASDAQ:HNST) SVP Kunssberg Etienne Von Sells 4,544 Shares

The Honest Company, Inc. (NASDAQ:HNST) SVP Kunssberg Etienne Von sold 4,544 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.34, for a total transaction of $15,176.96. Following the sale, the senior vice president owned 284,913 shares of the company’s stock, valued at approximately $951,609.42. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kunssberg Etienne Von also recently made the following trade(s):

• On Wednesday, May 20th, Kunssberg Etienne Von sold 2,651 shares of Honest stock. The stock was sold at an average price of $3.14, for a total transaction of $8,324.14.
• On Thursday, March 5th, Kunssberg Etienne Von sold 12,179 shares of Honest stock. The shares were sold at an average price of $2.85, for a total transaction of $34,710.15.

Honest Stock Performance

Shares of HNST stock traded up $0.22 on Friday, hitting $3.41. The stock had a trading volume of 1,777,147 shares, compared to its average volume of 1,851,940. The firm has a market capitalization of $375.37 million, a price-to-earnings ratio of -20.06 and a beta of 2.15. The stock’s 50 day moving average is $3.12 and its 200-day moving average is $2.78. The Honest Company, Inc. has a 52-week low of $2.07 and a 52-week high of $5.28.

Honest (NASDAQ:HNST) last announced its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $76.25 million. Honest had a negative net margin of 5.39% and a positive return on equity of 3.52%. Equities analysts expect that The Honest Company, Inc. will post 0.1 earnings per share for the current year.

Honest declared that its Board of Directors has authorized a stock repurchase plan on Friday, February 20th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to repurchase up to 9.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley set a $3.40 target price on shares of Honest in a research note on Thursday, May 7th. Zacks Research upgraded shares of Honest from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 26th. Wall Street Zen upgraded shares of Honest from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Honest in a research note on Thursday, January 22nd. Finally, Alliance Global Partners restated a “buy” rating on shares of Honest in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.47.

Institutional Trading of Honest

Several institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Honest by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company’s stock valued at $235,000 after acquiring an additional 3,210 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Honest by 18.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,366 shares of the company’s stock worth $81,000 after purchasing an additional 3,365 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Honest by 33.9% during the second quarter. Osaic Holdings Inc. now owns 14,577 shares of the company’s stock worth $74,000 after purchasing an additional 3,693 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Honest by 14.9% during the second quarter. The Manufacturers Life Insurance Company now owns 33,734 shares of the company’s stock worth $172,000 after purchasing an additional 4,378 shares during the period. Finally, Wealthfront Advisers LLC raised its holdings in shares of Honest by 24.0% during the fourth quarter. Wealthfront Advisers LLC now owns 25,177 shares of the company’s stock worth $65,000 after purchasing an additional 4,873 shares during the period. 45.54% of the stock is owned by institutional investors and hedge funds.

About Honest

The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.