The Honest Company, Inc. (NASDAQ:HNST) CFO David Loretta Sells 27,004 Shares

The Honest Company, Inc. (NASDAQ:HNST) CFO David Loretta sold 27,004 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total transaction of $191,728.40. Following the transaction, the chief financial officer now owns 960,753 shares of the company’s stock, valued at approximately $6,821,346.30. The trade was a 2.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Honest Stock Performance

NASDAQ:HNST traded down $0.07 during trading hours on Wednesday, reaching $7.25. The company’s stock had a trading volume of 3,302,844 shares, compared to its average volume of 1,464,393. The Honest Company, Inc. has a 12 month low of $1.57 and a 12 month high of $7.57. The stock has a 50 day moving average price of $4.16 and a two-hundred day moving average price of $3.61. The company has a market capitalization of $731.97 million, a P/E ratio of -181.25 and a beta of 1.85.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Honest

Several hedge funds and other institutional investors have recently made changes to their positions in HNST. ArrowMark Colorado Holdings LLC grew its holdings in shares of Honest by 6.4% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock valued at $11,295,000 after purchasing an additional 191,547 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Honest by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 2,851,501 shares of the company’s stock valued at $11,549,000 after acquiring an additional 268,600 shares during the last quarter. Geode Capital Management LLC increased its stake in Honest by 3.8% during the third quarter. Geode Capital Management LLC now owns 1,811,621 shares of the company’s stock worth $6,468,000 after acquiring an additional 65,995 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Honest by 117.3% in 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 period. Finally, State Street Corp lifted its stake in shares of Honest by 23.0% in the 3rd quarter. State Street Corp now owns 1,181,469 shares of the company’s stock valued at $4,218,000 after purchasing an additional 220,699 shares in the last quarter. Hedge funds and other institutional investors own 45.54% of the company’s stock.

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.