Creative Planning Takes $39,000 Position in The Honest Company, Inc. (NASDAQ:HNST)

Creative Planning bought a new position in The Honest Company, Inc. (NASDAQ:HNST) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,919 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HNST. Inspire Investing LLC bought a new stake in Honest in the third quarter worth $806,000. CWM LLC increased its position in shares of Honest by 279,400.0% during the third quarter. CWM LLC now owns 22,360 shares of the company’s stock valued at $80,000 after buying an additional 22,352 shares during the period. Algert Global LLC increased its position in shares of Honest by 24.4% during the second quarter. Algert Global LLC now owns 63,472 shares of the company’s stock valued at $185,000 after buying an additional 12,437 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of Honest during the second quarter valued at about $94,000. Finally, Deerfield Management Company L.P. Series C grew its holdings in Honest by 37.8% in the second quarter. Deerfield Management Company L.P. Series C now owns 150,190 shares of the company’s stock worth $439,000 after purchasing an additional 41,222 shares during the period. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Honest Trading Up 25.2 %

Shares of HNST opened at $6.01 on Thursday. The business’s 50 day moving average is $3.86 and its 200 day moving average is $3.47. The company has a market capitalization of $601.48 million, a PE ratio of -150.25 and a beta of 1.85. The Honest Company, Inc. has a 12-month low of $1.39 and a 12-month high of $6.53.

Analyst Ratings Changes

A number of research firms have recently commented on HNST. Northland Capmk upgraded shares of Honest to a “strong-buy” rating in a report on Tuesday, August 6th. B. Riley increased their price objective on shares of Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Wednesday. Telsey Advisory Group increased their price target on shares of Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a research report on Wednesday. Alliance Global Partners increased their price target on shares of Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Northland Securities lifted their target price on Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5.93.

Insider Buying and Selling at Honest

In other Honest news, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $3.50, for a total transaction of $8,050,000.00. Following the completion of the transaction, the insider now owns 9,869,803 shares in the company, valued at $34,544,310.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of Honest stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $3.50, for a total value of $8,050,000.00. Following the completion of the transaction, the insider now owns 9,869,803 shares in the company, valued at approximately $34,544,310.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Carla Vernon sold 52,751 shares of Honest stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total value of $225,774.28. Following the completion of the transaction, the chief executive officer now owns 2,828,319 shares of the company’s stock, valued at approximately $12,105,205.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,461,187 shares of company stock worth $8,739,880 in the last quarter. 8.60% of the stock is owned by corporate insiders.

Honest Company Profile

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.