Jessica Warren Sells 276,113 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Jessica Warren sold 276,113 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $3.07, for a total transaction of $847,666.91. Following the sale, the insider now owns 1,629,124 shares of the company’s stock, valued at $5,001,410.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jessica Warren also recently made the following trade(s):

• On Friday, April 19th, Jessica Warren sold 253,815 shares of Honest stock. The stock was sold at an average price of $2.99, for a total transaction of $758,906.85.
• On Thursday, March 7th, Jessica Warren sold 23,324 shares of Honest stock. The stock was sold at an average price of $3.24, for a total transaction of $75,569.76.

Honest Trading Down 1.0 %

Shares of Honest stock opened at $3.03 on Friday. The Honest Company, Inc. has a 52-week low of $1.06 and a 52-week high of $4.89. The company has a 50 day moving average of $3.65 and a 200 day moving average of $2.71.

Honest (NASDAQ:HNST) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. Honest had a negative net margin of 11.39% and a negative return on equity of 30.36%. The company had revenue of $90.26 million during the quarter, compared to the consensus estimate of $83.54 million. On average, research analysts predict that The Honest Company, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HNST has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price target on shares of Honest in a research report on Wednesday, April 10th. Loop Capital dropped their price target on shares of Honest from $5.00 to $3.00 and set a “hold” rating for the company in a research report on Friday. Lake Street Capital assumed coverage on shares of Honest in a research report on Thursday, April 4th. They set a “buy” rating and a $6.00 price target for the company. Alliance Global Partners assumed coverage on shares of Honest in a research note on Tuesday, February 6th. They issued a “buy” rating and a $5.75 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of Honest from $1.85 to $4.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Honest presently has a consensus rating of “Hold” and a consensus target price of $4.55.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in Honest by 4.0% in the second quarter. Rhumbline Advisers now owns 92,277 shares of the company’s stock worth $269,000 after acquiring an additional 3,590 shares during the last quarter. Swiss National Bank lifted its position in shares of Honest by 8.4% during the 1st quarter. Swiss National Bank now owns 64,600 shares of the company’s stock worth $337,000 after buying an additional 5,000 shares during the last quarter. Raymond James & Associates lifted its position in shares of Honest by 19.0% during the 4th quarter. Raymond James & Associates now owns 31,476 shares of the company’s stock worth $95,000 after buying an additional 5,019 shares during the last quarter. Green Alpha Advisors LLC lifted its position in shares of Honest by 1.3% during the 1st quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock worth $1,681,000 after buying an additional 5,249 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Honest by 37.4% during the 2nd quarter. Bank of Montreal Can now owns 19,383 shares of the company’s stock worth $61,000 after buying an additional 5,275 shares during the last quarter. Hedge funds and other institutional investors own 45.54% of the company’s stock.

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.