Honest (NASDAQ:HNST) SVP Jonathan Mayle Sells 6,236 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 6,236 shares of Honest stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $3.14, for a total value of $19,581.04. Following the completion of the transaction, the senior vice president directly owned 449,155 shares in the company, valued at approximately $1,410,346.70. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Mayle also recently made the following trade(s):

• On Thursday, March 5th, Jonathan Mayle sold 12,725 shares of Honest stock. The stock was sold at an average price of $2.85, for a total value of $36,266.25.

Honest Stock Up 6.9%

Shares of NASDAQ HNST opened at $3.41 on Friday. The business’s 50 day moving average is $3.12 and its two-hundred day moving average is $2.78. The company has a market cap of $375.37 million, a P/E ratio of -20.06 and a beta of 2.15. The Honest Company, Inc. has a 12 month low of $2.07 and a 12 month high of $5.28.

Honest (NASDAQ:HNST) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $78.10 million for the quarter, compared to the consensus estimate of $76.25 million. Honest had a positive return on equity of 3.52% and a negative net margin of 5.39%. Sell-side analysts expect that The Honest Company, Inc. will post 0.1 earnings per share for the current fiscal year.

Honest announced that its Board of Directors has authorized a stock buyback program on Friday, February 20th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the company to buy up to 9.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Honest

Institutional investors have recently bought and sold shares of the stock. Mak Capital One LLC bought a new position in Honest in the 4th quarter valued at $9,104,000. Balyasny Asset Management L.P. raised its position in Honest by 796.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,006,646 shares of the company’s stock valued at $5,177,000 after purchasing an additional 1,782,742 shares during the last quarter. Portolan Capital Management LLC raised its position in Honest by 11.4% in the 3rd quarter. Portolan Capital Management LLC now owns 6,928,004 shares of the company’s stock valued at $25,495,000 after purchasing an additional 710,651 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Honest by 70.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,520,331 shares of the company’s stock valued at $3,922,000 after purchasing an additional 627,537 shares during the last quarter. Finally, UBS Group AG raised its position in Honest by 77.3% in the 4th quarter. UBS Group AG now owns 1,014,939 shares of the company’s stock valued at $2,619,000 after purchasing an additional 442,542 shares during the last quarter. Institutional investors and hedge funds own 45.54% of the company’s stock.

Wall Street Analysts Forecast Growth

HNST has been the topic of several recent research reports. Alliance Global Partners reissued a “buy” rating on shares of Honest in a report on Thursday, May 7th. Wall Street Zen raised Honest from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research raised Honest from a “strong sell” rating to a “hold” rating in a report on Thursday, March 26th. Morgan Stanley set a $3.40 price objective on Honest in a report on Thursday, May 7th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $4.00 price objective on shares of Honest in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.47.

About Honest

The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.