Analysts Set The Honest Company, Inc. (NASDAQ:HNST) Price Target at $5.04

The Honest Company, Inc. (NASDAQ:HNST) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.04.

A number of brokerages have issued reports on HNST. B. Riley began coverage on Honest in a research report on Tuesday, September 10th. They issued a “buy” rating and a $6.50 target price on the stock. Northland Capmk raised Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Loop Capital raised Honest from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Tuesday, June 25th. Finally, Northland Securities assumed coverage on Honest in a research report on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 target price on the stock.

Insider Activity at Honest

In related news, EVP Stephen Winchell sold 6,938 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total transaction of $29,694.64. Following the completion of the transaction, the executive vice president now directly owns 414,736 shares in the company, valued at $1,775,070.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Stephen Winchell sold 6,938 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total transaction of $29,694.64. Following the completion of the transaction, the executive vice president now directly owns 414,736 shares in the company, valued at $1,775,070.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Brendan Sheehey sold 8,176 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total value of $34,993.28. Following the transaction, the general counsel now owns 517,861 shares of the company’s stock, valued at approximately $2,216,445.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,531,187 shares of company stock valued at $9,018,480. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Hillsdale Investment Management Inc. bought a new position in Honest during the first quarter valued at about $3,777,000. Renaissance Technologies LLC boosted its stake in Honest by 117.3% during the second quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the company’s stock valued at $4,579,000 after buying an additional 846,300 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Honest by 706.1% during the second quarter. Acadian Asset Management LLC now owns 716,332 shares of the company’s stock valued at $2,088,000 after buying an additional 627,464 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Honest by 973.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 430,090 shares of the company’s stock valued at $1,742,000 after buying an additional 390,022 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Honest by 68.1% during the second quarter. Dimensional Fund Advisors LP now owns 943,618 shares of the company’s stock valued at $2,755,000 after buying an additional 382,418 shares in the last quarter. Institutional investors own 45.54% of the company’s stock.

Honest Stock Down 0.8 %

NASDAQ HNST opened at $3.70 on Friday. The stock has a market cap of $364.96 million, a PE ratio of -16.09 and a beta of 1.87. Honest has a fifty-two week low of $1.07 and a fifty-two week high of $4.89. The business has a 50 day moving average price of $3.93 and a two-hundred day moving average price of $3.37.

Honest (NASDAQ:HNST) last announced its earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). Honest had a negative return on equity of 10.00% and a negative net margin of 3.50%. The company had revenue of $93.05 million for the quarter, compared to analyst estimates of $87.63 million. During the same period in the prior year, the company posted ($0.14) EPS. Sell-side analysts anticipate that Honest will post -0.1 EPS for the current fiscal year.

About Honest

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.