Honest (NASDAQ:HNST) Director Andrea Turner Sells 29,899 Shares

The Honest Company, Inc. (NASDAQ:HNST) Director Andrea Turner sold 29,899 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $5.21, for a total transaction of $155,773.79. Following the sale, the director owned 252,405 shares in the company, valued at $1,315,030.05. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Andrea Turner also recently made the following trade(s):

• On Monday, August 10th, Andrea Turner sold 34,396 shares of Honest stock. The stock was sold at an average price of $5.30, for a total transaction of $182,298.80.

Honest Stock Down 0.4%

HNST stock traded down $0.02 during trading on Tuesday, hitting $5.21. The company had a trading volume of 3,638,825 shares, compared to its average volume of 1,862,362. The firm has a 50-day moving average price of $3.81 and a 200-day moving average price of $3.22. The Honest Company, Inc. has a 1-year low of $2.07 and a 1-year high of $5.84. The firm has a market cap of $573.52 million, a PE ratio of -47.36 and a beta of 2.12.

Honest (NASDAQ:HNST) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $80.19 million for the quarter, compared to the consensus estimate of $77.83 million. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. Sell-side analysts anticipate that The Honest Company, Inc. will post 0.09 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on HNST shares. Freedom Capital upgraded shares of Honest from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of Honest from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Honest in a research report on Tuesday, May 26th. B. Riley Financial lifted their target price on shares of Honest from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Northland Securities set a $5.50 price target on shares of Honest in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.38.

Hedge Funds Weigh In On Honest

Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its stake in Honest by 77.3% in the 4th quarter. UBS Group AG now owns 1,014,939 shares of the company’s stock valued at $2,619,000 after buying an additional 442,542 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of Honest by 24.0% in the fourth quarter. Wealthfront Advisers LLC now owns 25,177 shares of the company’s stock worth $65,000 after buying an additional 4,873 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Honest during the 3rd quarter valued at $39,000. Bank of America Corp DE increased its stake in shares of Honest by 28.4% in the 1st quarter. Bank of America Corp DE now owns 223,099 shares of the company’s stock worth $656,000 after acquiring an additional 49,342 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Honest during the second quarter valued at approximately $328,000. 45.54% of the stock is owned by institutional investors and hedge funds.

Honest Company Profile

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.