Jonathan Mayle Sells 79,000 Shares of Honest (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 79,000 shares of Honest stock in a transaction on Monday, August 10th. The stock was sold at an average price of $5.22, for a total transaction of $412,380.00. Following the transaction, the senior vice president directly owned 370,155 shares of the company’s stock, valued at approximately $1,932,209.10. This trade represents a 17.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, May 20th, Jonathan Mayle sold 6,236 shares of Honest stock. The shares were sold at an average price of $3.14, for a total transaction of $19,581.04.

Honest Stock Performance

NASDAQ HNST opened at $5.07 on Thursday. The stock has a market cap of $558.11 million, a PE ratio of -46.09 and a beta of 2.12. The firm has a 50-day moving average of $3.88 and a 200-day moving average of $3.25. The Honest Company, Inc. has a 52-week low of $2.07 and a 52-week high of $5.84.

Honest (NASDAQ:HNST) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $80.19 million for the quarter, compared to analyst estimates of $77.83 million. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. As a group, analysts predict that The Honest Company, Inc. will post 0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HNST has been the topic of a number of recent research reports. Wall Street Zen upgraded Honest from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Northland Securities set a $5.50 price objective on Honest in a report on Thursday, August 6th. Alliance Global Partners reiterated a “buy” rating on shares of Honest in a research report on Thursday, August 6th. B. Riley Financial increased their price objective on Honest from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings raised Honest from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Honest currently has a consensus rating of “Hold” and a consensus price target of $4.84.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Allworth Financial LP bought a new stake in shares of Honest in the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its position 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 in the last quarter. Equity Wealth Partners LLC bought a new position in Honest during the 3rd quarter worth $37,000. CIBC Bancorp USA Inc. bought a new position in Honest during the 3rd quarter worth $39,000. Finally, Amicus Financial Advisors LLC bought a new position in Honest during the 4th quarter worth $29,000. 45.54% of the stock is owned by institutional investors.

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.