Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) EVP Sells 7,123 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) EVP Stephen Winchell sold 7,123 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total value of $50,573.30. Following the completion of the transaction, the executive vice president now directly owns 382,613 shares of the company’s stock, valued at approximately $2,716,552.30. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Honest Trading Down 1.0 %

NASDAQ:HNST traded down $0.07 during trading hours on Wednesday, hitting $7.25. The company had a trading volume of 3,302,844 shares, compared to its average volume of 1,464,393. The company has a market cap of $731.97 million, a P/E ratio of -181.25 and a beta of 1.85. The company has a 50-day moving average of $4.16 and a 200 day moving average of $3.61. The Honest Company, Inc. has a 1 year low of $1.57 and a 1 year high of $7.57.

Institutional Investors Weigh In On Honest

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HNST. Renaissance Technologies LLC increased its position in shares of Honest by 117.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the company’s stock worth $4,579,000 after purchasing an additional 846,300 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Honest by 1,504.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 851,436 shares of the company’s stock worth $3,040,000 after buying an additional 798,384 shares during the period. Acadian Asset Management LLC raised its stake in shares of Honest by 706.1% in the 2nd quarter. Acadian Asset Management LLC now owns 716,332 shares of the company’s stock valued at $2,088,000 after acquiring an additional 627,464 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Honest by 68.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 943,618 shares of the company’s stock worth $2,755,000 after acquiring an additional 382,418 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Honest by 216.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company’s stock worth $1,947,000 after purchasing an additional 372,749 shares during the period. Institutional investors and hedge funds own 45.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Northland Securities raised their price objective on shares of Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Telsey Advisory Group increased their target price on shares of Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Alliance Global Partners upped 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, November 13th. B. Riley increased their target price on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Northland Capmk raised Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.93.

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.