The Honest Company, Inc. (NASDAQ:HNST) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of The Honest Company, Inc. (NASDAQ:HNST) 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.

Insider Buying and Selling

In related news, EVP Stephen Winchell sold 6,938 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total transaction of $29,694.64. Following the transaction, the executive vice president now directly owns 414,736 shares of the company’s stock, valued at approximately $1,775,070.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO David Loretta sold 75,656 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total transaction of $323,807.68. Following the transaction, the chief financial officer now directly owns 987,757 shares of the company’s stock, valued at approximately $4,227,599.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen Winchell sold 6,938 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total value of $29,694.64. Following the transaction, the executive vice president now directly owns 414,736 shares in the company, valued at $1,775,070.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 231,187 shares of company stock valued at $968,480. 8.60% of the stock is owned by insiders.

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) 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.