Brendan Sheehey Sells 8,392 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 8,392 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 $59,583.20. Following the sale, the general counsel now owns 516,816 shares in the company, valued at approximately $3,669,393.60. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Brendan Sheehey also recently made the following trade(s):

• On Monday, November 18th, Brendan Sheehey sold 107,653 shares of Honest stock. The stock was sold at an average price of $7.01, for a total value of $754,647.53.

Honest Stock Up 5.4 %

Shares of Honest stock opened at $7.65 on Friday. The firm has a market cap of $771.84 million, a PE ratio of -191.13 and a beta of 1.85. The business has a 50-day moving average price of $4.24 and a 200 day moving average price of $3.64. The Honest Company, Inc. has a twelve month low of $1.57 and a twelve month high of $7.80.

Institutional Trading of Honest

A number of institutional investors and hedge funds have recently made changes to their positions in HNST. EntryPoint Capital LLC purchased a new position in shares of Honest during the 1st quarter valued at approximately $27,000. Zacks Investment Management acquired a new position in Honest during the third quarter worth $37,000. Creative Planning purchased a new position in Honest during the third quarter valued at $39,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Honest in the third quarter valued at about $40,000. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Honest during the second quarter worth about $43,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. B. Riley raised their target price on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Northland Securities lifted their price objective on Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Northland Capmk upgraded Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Alliance Global Partners lifted their price target on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Telsey Advisory Group upped their price objective on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.