Intech Investment Management LLC Makes New $103,000 Investment in The Honest Company, Inc. (NASDAQ:HNST)

Intech Investment Management LLC purchased a new position in The Honest Company, Inc. (NASDAQ:HNST) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,799 shares of the company’s stock, valued at approximately $103,000.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning bought a new position in shares of Honest in the 3rd quarter worth $39,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Honest in the 3rd quarter worth $40,000. Panagora Asset Management Inc. bought a new position in shares of Honest in the 2nd quarter worth $43,000. Castleview Partners LLC bought a new position in shares of Honest in the 3rd quarter worth $71,000. Finally, US Bancorp DE bought a new position in shares of Honest in the 3rd quarter worth $78,000. Institutional investors own 45.54% of the company’s stock.

Honest Stock Performance

HNST stock opened at $8.22 on Friday. The firm’s fifty day moving average is $5.23 and its 200 day moving average is $4.04. The Honest Company, Inc. has a 52 week low of $2.23 and a 52 week high of $8.97. The firm has a market cap of $829.89 million, a P/E ratio of -205.50 and a beta of 2.42.

Insider Transactions at Honest

In related news, Director James D. White sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $7.19, for a total transaction of $179,750.00. Following the completion of the sale, the director now directly owns 284,244 shares in the company, valued at approximately $2,043,714.36. The trade was a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Brendan Sheehey sold 8,392 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total transaction of $59,583.20. Following the sale, the general counsel now owns 516,816 shares of the company’s stock, valued at $3,669,393.60. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,634,818 shares of company stock worth $10,514,671 over the last three months. 8.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HNST has been the topic of a number of research analyst reports. 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 report on Wednesday, November 13th. 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 report on Wednesday, November 13th. Northland Securities increased their price target on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a report on Wednesday. Finally, B. Riley increased their target price on shares of Honest from $6.50 to $7.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Honest has an average rating of “Moderate Buy” and a consensus target price of $6.21.

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.