Shares of The Honest Company, Inc. (NASDAQ:HNST – Get Rating) have received a consensus rating of "Hold" from the seven analysts that are covering the firm, MarketBeat Ratings reports. One 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 price objective among brokerages that have covered the stock in the last year is $4.88.
Several analysts have issued reports on HNST shares. Morgan Stanley dropped their price target on Honest from $4.00 to $3.75 and set an "equal weight" rating on the stock in a research note on Friday, November 11th. Telsey Advisory Group dropped their price target on Honest from $8.00 to $6.00 and set an "outperform" rating on the stock in a research note on Friday, November 11th. Finally, JPMorgan Chase & Co. dropped their price target on Honest from $6.00 to $5.00 and set an "overweight" rating on the stock in a research note on Thursday, October 13th.
Get Honest alerts:Insider Activity
In other news, CEO Nikolaos A. Vlahos sold 17,326 shares of the firm's stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $2.90, for a total value of $50,245.40. Following the completion of the transaction, the chief executive officer now owns 1,246,728 shares in the company, valued at approximately $3,615,511.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 34,915 shares of company stock worth $102,258 in the last quarter. Corporate insiders own 26.20% of the company's stock.
Hedge Funds Weigh In On Honest
A number of hedge funds and other institutional investors have recently bought and sold shares of HNST. Renaissance Technologies LLC grew its holdings in Honest by 386.1% during the second quarter. Renaissance Technologies LLC now owns 1,759,900 shares of the company's stock worth $5,139,000 after purchasing an additional 1,397,880 shares during the period. Portolan Capital Management LLC bought a new position in Honest during the third quarter worth about $4,175,000. ExodusPoint Capital Management LP bought a new position in Honest during the second quarter worth about $997,000. Natixis Investment Managers International bought a new position in Honest during the second quarter worth about $898,000. Finally, Mirova bought a new position in Honest during the second quarter worth about $898,000. Institutional investors own 41.17% of the company's stock.Honest Trading Down 1.4 %
Shares of Honest stock opened at $2.82 on Friday. The company has a market capitalization of $261.34 million, a PE ratio of -5.64 and a beta of 0.27. Honest has a 12 month low of $2.54 and a 12 month high of $6.85. The stock's fifty day simple moving average is $2.95 and its 200 day simple moving average is $3.35.
Honest (NASDAQ:HNST – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.05). Honest had a negative net margin of 14.56% and a negative return on equity of 27.30%. The firm had revenue of $84.58 million during the quarter, compared to analyst estimates of $84.47 million. Analysts predict that Honest will post -0.44 EPS 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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