Insider Selling: Honest (NASDAQ:HNST) Insider Sells $33,991.88 in Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Dorria Ball sold 6,812 shares of Honest stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $4.99, for a total transaction of $33,991.88. Following the sale, the insider directly owned 418,584 shares of the company’s stock, valued at $2,088,734.16. This represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Honest Stock Up 3.8%

HNST stock opened at $5.72 on Thursday. The business’s fifty day moving average is $4.20 and its 200-day moving average is $3.44. The company has a market cap of $629.66 million, a P/E ratio of -52.00 and a beta of 2.12. The Honest Company, Inc. has a twelve month low of $2.07 and a twelve month high of $5.91.

Honest (NASDAQ:HNST) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%.The business had revenue of $80.19 million during the quarter, compared to analysts’ expectations of $77.83 million. Research analysts anticipate that The Honest Company, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Freedom Capital raised shares of Honest from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. B. Riley Financial increased their target price on shares of Honest from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of Honest from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Morgan Stanley boosted their price target on shares of Honest from $3.40 to $5.70 and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Honest from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.84.

Institutional Trading of Honest

A number of large investors have recently bought and sold shares of HNST. Allworth Financial LP bought a new position in Honest in the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 acquiring an additional 6,599 shares in the last quarter. Amicus Financial Advisors LLC acquired a new stake in shares of Honest during the fourth quarter worth $29,000. Hibernia Wealth Partners LLC bought a new stake in Honest in the 4th quarter valued at $32,000. Finally, Legal & General Group Plc acquired a new position in Honest in the 2nd quarter worth $36,000. 45.54% of the stock is owned by institutional investors.

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.