Charles Schwab Investment Management Inc. Acquires 7,379 Shares of The Honest Company, Inc. (NASDAQ:HNST)

Charles Schwab Investment Management Inc. lifted its holdings in The Honest Company, Inc. (NASDAQ:HNST) by 3.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 225,567 shares of the company’s stock after buying an additional 7,379 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.23% of Honest worth $805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in Honest in the 3rd quarter valued at about $103,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Honest by 216.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company’s stock valued at $1,947,000 after purchasing an additional 372,749 shares in the last quarter. Victory Capital Management Inc. bought a new position in Honest in the 3rd quarter worth approximately $569,000. Mainstream Capital Management LLC acquired a new position in Honest during the 3rd quarter worth $843,000. Finally, Harbor Capital Advisors Inc. boosted its position in Honest by 122.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 219,697 shares of the company’s stock valued at $784,000 after buying an additional 120,937 shares during the last quarter. Institutional investors and hedge funds own 45.54% of the company’s stock.

Honest Stock Performance

HNST opened at $6.52 on Thursday. The firm’s fifty day moving average is $5.83 and its two-hundred day moving average is $4.30. The firm has a market cap of $658.27 million, a PE ratio of -163.00 and a beta of 2.42. The Honest Company, Inc. has a twelve month low of $2.40 and a twelve month high of $8.97.

Insider Activity at Honest

In related news, General Counsel Brendan Sheehey sold 92,138 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $8.13, for a total value of $749,081.94. Following the completion of the transaction, the general counsel now directly owns 516,816 shares in the company, valued at approximately $4,201,714.08. The trade was a 15.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jessica Warren sold 465,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the sale, the director now owns 1,170,058 shares in the company, valued at $8,833,937.90. This trade represents a 28.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 799,818 shares of company stock worth $5,975,421 in the last quarter. Corporate insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HNST shares. Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research report on Tuesday. Telsey Advisory Group upped their target price on shares of Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Northland Securities lifted their price target on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. B. Riley boosted their price target on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Alliance Global Partners raised their price objective on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Honest has a consensus rating of “Moderate Buy” and an average price target of $6.79.

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.