Honest (NASDAQ:HNST) SVP Sells $15,176.96 in Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Kunssberg Etienne Von sold 4,544 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $3.34, for a total transaction of $15,176.96. Following the completion of the transaction, the senior vice president directly owned 284,913 shares of the company’s stock, valued at approximately $951,609.42. This represents a 1.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kunssberg Etienne Von also recently made the following trade(s):

• On Wednesday, May 20th, Kunssberg Etienne Von sold 2,651 shares of Honest stock. The shares were sold at an average price of $3.14, for a total transaction of $8,324.14.
• On Thursday, March 5th, Kunssberg Etienne Von sold 12,179 shares of Honest stock. The shares were sold at an average price of $2.85, for a total transaction of $34,710.15.

Honest Stock Up 6.9%

Shares of NASDAQ:HNST traded up $0.22 during trading on Friday, reaching $3.41. The stock had a trading volume of 1,777,147 shares, compared to its average volume of 1,851,940. The business has a fifty day moving average price of $3.12 and a 200-day moving average price of $2.78. The stock 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 fifty-two week low of $2.07 and a fifty-two week high of $5.28.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $78.10 million during the quarter, compared to analyst estimates of $76.25 million. Honest had a negative net margin of 5.39% and a positive return on equity of 3.52%. As a group, equities analysts forecast that The Honest Company, Inc. will post 0.1 EPS for the current year.

Honest declared that its board has authorized a share repurchase plan on Friday, February 20th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to reacquire up to 9.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Honest

Institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its stake in Honest by 1,392.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company’s stock worth $26,000 after buying an additional 6,599 shares during the period. Equity Wealth Partners LLC purchased a new stake in Honest during the third quarter worth approximately $37,000. CIBC Bancorp USA Inc. purchased a new stake in Honest during the third quarter worth approximately $39,000. Amicus Financial Advisors LLC purchased a new stake in Honest during the fourth quarter worth approximately $29,000. Finally, State of Wyoming purchased a new stake in Honest during the second quarter worth approximately $61,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HNST shares. Alliance Global Partners reissued a “buy” rating on shares of Honest in a research report on Thursday, May 7th. Zacks Research raised shares of Honest from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Honest in a research report on Thursday, January 22nd. Morgan Stanley set a $3.40 price target on shares of Honest in a research report on Thursday, May 7th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $4.00 price target on shares of Honest in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Honest has a consensus rating of “Hold” and a consensus price target of $3.47.

Honest Company Profile

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.