Shares of The Honest Company, Inc. (NASDAQ:HNST – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $4.79.
HNST has been the topic of several recent analyst reports. Northland Capmk raised Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Northland Securities initiated coverage on Honest in a research report on Tuesday, August 6th. They set an “outperform” rating and a $6.00 price target on the stock. Finally, Loop Capital raised Honest from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Tuesday, June 25th.
Get Our Latest Stock Report on HNST
Insider Buying and Selling
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC acquired a new position in Honest in the 1st quarter valued at $27,000. Panagora Asset Management Inc. acquired a new position in Honest in the 2nd quarter valued at $43,000. Lazard Asset Management LLC acquired a new position in Honest in the 1st quarter valued at $52,000. SG Americas Securities LLC acquired a new position in Honest in the 1st quarter valued at $93,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Honest in the 2nd quarter valued at $94,000. 45.54% of the stock is owned by institutional investors and hedge funds.
Honest Stock Performance
NASDAQ HNST opened at $4.02 on Friday. The stock has a market capitalization of $396.52 million, a price-to-earnings ratio of -17.48 and a beta of 1.90. The stock’s 50 day moving average price is $3.73 and its two-hundred day moving average price is $3.41. Honest has a 52 week low of $1.06 and a 52 week high of $4.89.
Honest (NASDAQ:HNST – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $93.05 million for the quarter, compared to analysts’ expectations of $87.63 million. Honest had a negative return on equity of 10.00% and a negative net margin of 3.50%. During the same quarter in the previous year, the business posted ($0.14) EPS. On average, equities research analysts forecast that Honest will post -0.1 EPS for the current year.
About Honest
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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