The Honest Company, Inc. (NASDAQ:HNST – Get Rating) has been given a consensus rating of "Hold" by the seven ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.88.
Several research firms recently commented on HNST. Telsey Advisory Group dropped their price target on shares of Honest from $8.00 to $6.00 and set an "outperform" rating on the stock in a research report on Friday, November 11th. Morgan Stanley dropped their target price on shares of Honest from $4.00 to $3.75 and set an "equal weight" rating on the stock in a research report on Friday, November 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Honest from $6.00 to $5.00 and set an "overweight" rating on the stock in a research report on Thursday, October 13th.
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Insider Activity
In other news, insider Janis Hoyt sold 9,948 shares of the firm's stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $3.48, for a total value of $34,619.04. Following the transaction, the insider now directly owns 341,348 shares of the company's stock, valued at $1,187,891.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Janis Hoyt sold 9,948 shares of the firm's stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $3.48, for a total value of $34,619.04. Following the transaction, the insider now directly owns 341,348 shares of the company's stock, valued at $1,187,891.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Nikolaos A. Vlahos sold 17,326 shares of Honest stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $2.90, for a total transaction of $50,245.40. Following the transaction, the chief executive officer now directly owns 1,246,728 shares in the company, valued at $3,615,511.20. The disclosure for this sale can be found here. Insiders have sold a total of 55,340 shares of company stock worth $173,337 over the last 90 days. 26.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Honest
A number of institutional investors have recently bought and sold shares of HNST. Commonwealth Equity Services LLC purchased a new position in Honest during the second quarter worth about $29,000. Arizona State Retirement System acquired a new stake in shares of Honest during the second quarter valued at about $43,000. Nisa Investment Advisors LLC increased its position in shares of Honest by 111.4% during the second quarter. Nisa Investment Advisors LLC now owns 14,800 shares of the company's stock valued at $43,000 after acquiring an additional 7,800 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Honest by 375.1% during the third quarter. Tower Research Capital LLC TRC now owns 14,632 shares of the company's stock valued at $52,000 after acquiring an additional 11,552 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Honest by 160.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,495 shares of the company's stock valued at $54,000 after acquiring an additional 9,541 shares during the last quarter. 41.17% of the stock is owned by hedge funds and other institutional investors.
Honest Stock Performance
HNST stock opened at $2.92 on Wednesday. The firm has a market cap of $270.61 million, a PE ratio of -5.84 and a beta of 0.41. The firm's fifty day moving average is $3.04 and its 200 day moving average is $3.34. Honest has a one year low of $2.54 and a one year high of $8.39.
Honest (NASDAQ:HNST – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.05). The firm had revenue of $84.58 million for the quarter, compared to analyst estimates of $84.47 million. Honest had a negative net margin of 14.56% and a negative return on equity of 27.30%. Research analysts predict that Honest will post -0.44 earnings per share for the current fiscal year.
Honest Company Profile
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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.
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