The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey Sells 8,583 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNSTGet Free Report) General Counsel Brendan Sheehey sold 8,583 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $2.77, for a total transaction of $23,774.91. Following the completion of the sale, the general counsel now owns 526,037 shares of the company’s stock, valued at approximately $1,457,122.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, March 7th, Brendan Sheehey sold 21,152 shares of Honest stock. The shares were sold at an average price of $3.24, for a total transaction of $68,532.48.

Honest Trading Down 0.4 %

Shares of NASDAQ HNST opened at $2.74 on Thursday. The stock has a market cap of $270.27 million, a price-to-earnings ratio of -11.96 and a beta of 1.91. The Honest Company, Inc. has a 52 week low of $1.06 and a 52 week high of $4.89. The company’s 50-day moving average price is $3.42 and its 200 day moving average price is $3.01.

Honest (NASDAQ:HNSTGet Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The firm had revenue of $90.26 million for the quarter, compared to analysts’ expectations of $83.54 million. Honest had a negative net margin of 6.27% and a negative return on equity of 17.44%. As a group, research analysts expect that The Honest Company, Inc. will post -0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on HNST shares. Loop Capital reduced their price target on shares of Honest from $5.00 to $3.00 and set a “hold” rating for the company in a research report on Friday, April 19th. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price objective on shares of Honest in a research note on Thursday, May 9th. Morgan Stanley boosted their price objective on shares of Honest from $1.85 to $4.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Lake Street Capital initiated coverage on shares of Honest in a research note on Thursday, April 4th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, Alliance Global Partners assumed coverage on shares of Honest in a research note on Tuesday, February 6th. They issued a “buy” rating and a $5.75 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Honest has an average rating of “Hold” and an average price target of $4.55.

View Our Latest Analysis on Honest

Institutional Investors Weigh In On Honest

A number of large investors have recently added to or reduced their stakes in HNST. Green Alpha Advisors LLC lifted its holdings in Honest by 1.3% in the 1st quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock valued at $1,681,000 after purchasing an additional 5,249 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Honest during the first quarter worth about $27,000. Wade G W & Inc. grew its holdings in shares of Honest by 6.3% during the fourth quarter. Wade G W & Inc. now owns 197,290 shares of the company’s stock worth $651,000 after buying an additional 11,685 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Honest during the first quarter worth about $52,000. Finally, Virtu Financial LLC grew its holdings in shares of Honest by 57.4% during the first quarter. Virtu Financial LLC now owns 36,005 shares of the company’s stock worth $146,000 after buying an additional 13,130 shares in the last quarter. 45.54% of the stock is owned by institutional investors and hedge funds.

Honest Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Honest (NASDAQ:HNST)

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