The Honest Company, Inc. (NASDAQ:HNST) Receives $5.04 Consensus Target Price from Analysts

Shares of The Honest Company, Inc. (NASDAQ:HNST) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.04.

Several equities analysts recently issued reports on the company. Northland Capmk upgraded Honest to a “strong-buy” rating in a report on Tuesday, August 6th. B. Riley assumed coverage on Honest in a report on Tuesday, September 10th. They issued a “buy” rating and a $6.50 price target on the stock. 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 note on Tuesday, June 25th. Finally, Northland Securities assumed coverage on Honest in a research note on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 target price on the stock.

Insider Buying and Selling at Honest

In other news, EVP Stephen Winchell sold 6,938 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total transaction of $29,694.64. Following the sale, the executive vice president now owns 414,736 shares of the company’s stock, valued at $1,775,070.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Carla Vernon sold 52,751 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total transaction of $225,774.28. Following the sale, the chief executive officer now owns 2,828,319 shares of the company’s stock, valued at $12,105,205.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Stephen Winchell sold 6,938 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total value of $29,694.64. Following the sale, the executive vice president now directly owns 414,736 shares in the company, valued at approximately $1,775,070.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,531,187 shares of company stock valued at $9,018,480. 8.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Honest

A number of hedge funds and other institutional investors have recently bought and sold shares of HNST. Jump Financial LLC acquired a new stake in Honest in the 4th quarter valued at approximately $120,000. Green Alpha Advisors LLC raised its position in Honest by 1.3% in the 1st quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock valued at $1,681,000 after buying an additional 5,249 shares during the last quarter. Cannon Global Investment Management LLC acquired a new stake in Honest in the 1st quarter valued at approximately $122,000. Cornerstone Investment Partners LLC acquired a new stake in Honest in the 1st quarter valued at approximately $161,000. Finally, SG Americas Securities LLC acquired a new stake in Honest in the 1st quarter valued at approximately $93,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Honest Stock Performance

Shares of HNST stock opened at $3.55 on Wednesday. The stock’s fifty day moving average is $3.91 and its 200-day moving average is $3.41. The stock has a market capitalization of $350.16 million, a PE ratio of -15.43 and a beta of 1.90. Honest has a 52 week low of $1.06 and a 52 week high of $4.89.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $93.05 million for the quarter, compared to analysts’ expectations of $87.63 million. Honest had a negative return on equity of 10.00% and a negative net margin of 3.50%. During the same quarter last year, the business earned ($0.14) earnings per share. As a group, analysts forecast that Honest will post -0.1 earnings per share for the current fiscal year.

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.