Brendan Sheehey sells 8,176 shares of The Honest Company, Inc. (NASDAQ:HNST)

The Honest Company, Inc. (NASDAQ:HNST – Get Your Free Report ) General Counsel Brendan Sheehey sold 8,176 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total transaction of $34,993.28. Following the sale, the general counsel now directly owns 517,861 shares of the company’s stock, valued at $2,216,445.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink.

Honest stock with 3.9%

HNST opened at $4.52 on Friday. The firm has a market cap of $445.84 million, a P/E ratio of -19.65 and a beta of 1.86. The stock has a fifty day moving average of $3.35 and a 200 day moving average of $3.32. The Honest Company, Inc. has a 12-month low of $1.06 and a 12-month high of $4.89.

Honest (NASDAQ:HNST – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Honest had a negative return on equity of 17.44% and a negative net margin of 6.27%. The firm had revenue of $93.05 million for the quarter, compared to analyst estimates of $87.63 million. During the same period in the previous year, the firm earned ($0.14) earnings per share. On average, analysts expect that The Honest Company, Inc. to post -0.12 earnings per share for the current fiscal year.

Institutional honest trade

A number of hedge funds have recently made changes to their positions in the stock. Green Alpha Advisors LLC lifted its position in Honest by 1.3% in the first quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock worth $1,681,000 after buying an additional 5,249 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Honest in the 1st quarter worth $27,000. XTX Topco Ltd boosted its holdings in shares of Honest by 6.4% during the second quarter. XTX Topco Ltd now owns 137,797 shares of the company’s stock worth $402,000 after acquiring an additional 8,282 shares in the last quarter. Wade GW & Inc. raised its stake in Honest by 6.3% in the fourth quarter. Wade GW & Inc. now owns 197,290 shares of the company’s stock valued at $651,000 after purchasing an additional 11,685 shares in the last quarter. Finally, Algert Global LLC raised its stake in Honest by 24.4% in the second quarter. Algert Global LLC now owns 63,472 shares of the company’s stock valued at $185,000 after purchasing an additional 12,437 shares in the last quarter. 45.54% of the shares are held by hedge funds and other institutional investors.

Changes in Analyst Ratings

Several research analysts have issued reports on the company. Northland Capmk raised Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Loop Capital upgraded Honest from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Tuesday, June 25th. Northland Securities began coverage on Honest in a report on Tuesday, August 6th. They set an “outperform” rating and a $6.00 price target for the company. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 target price on shares of Honest in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.79, according to MarketBeat.com.

Read the latest stock analysis on HNST

Honest company profile

(Get a free report)

The Honest Company, Inc manufactures and sells diapers and wipes, skin and personal care, household and wellness products. The company also offers children’s clothing and children’s bedding products. It sells its products through digital and retail channels, such as its website and third-party e-commerce sites, as well as retailers.

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