Honest (NASDAQ:HNST) SVP Sells 2,617 Shares

The Honest Company, Inc. (NASDAQ:HNST) SVP Kunssberg Etienne Von sold 2,617 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $4.99, for a total value of $13,058.83. Following the completion of the sale, the senior vice president directly owned 282,296 shares of the company’s stock, valued at $1,408,657.04. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 21st, Kunssberg Etienne Von sold 4,578 shares of Honest stock. The stock was sold at an average price of $5.01, for a total value of $22,935.78.

Honest Stock Performance

NASDAQ HNST traded up $0.15 on Monday, hitting $5.20. 2,778,794 shares of the stock were exchanged, compared to its average volume of 1,883,129. The stock has a fifty day moving average price of $4.09 and a two-hundred day moving average price of $3.37. The firm has a market capitalization of $572.41 million, a P/E ratio of -47.27 and a beta of 2.12. The Honest Company, Inc. has a 52-week low of $2.07 and a 52-week high of $5.84.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. The business had revenue of $80.19 million for the quarter, compared to analysts’ expectations of $77.83 million. Sell-side analysts expect that The Honest Company, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HNST has been the topic of several analyst reports. Freedom Capital upgraded shares of Honest from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Telsey Advisory Group boosted their target price on Honest from $4.00 to $5.00 and gave the company a “market perform” rating in a research report on Thursday, August 6th. B. Riley Financial upped their target price on Honest from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley increased their price target on Honest from $3.40 to $5.70 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen raised Honest from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Honest has a consensus rating of “Hold” and an average target price of $4.84.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LP bought a new stake in Honest during the 2nd quarter valued at about $86,000. Bank of America Corp DE bought a new position in Honest in the 2nd quarter worth about $715,000. Canada Pension Plan Investment Board bought a new position in Honest in the 2nd quarter worth about $140,000. Legal & General Group Plc purchased a new position in shares of Honest during the second quarter worth approximately $36,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Honest during the second quarter worth approximately $94,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

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.