The Honest Company, Inc. (NASDAQ:HNST) EVP Sells $50,573.30 in Stock

The Honest Company, Inc. (NASDAQ:HNST) EVP Stephen Winchell sold 7,123 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total value of $50,573.30. Following the completion of the sale, the executive vice president now owns 382,613 shares in the company, valued at approximately $2,716,552.30. This represents a 1.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Honest Stock Performance

NASDAQ HNST opened at $7.65 on Friday. The business has a fifty day moving average price of $4.24 and a 200 day moving average price of $3.64. The Honest Company, Inc. has a one year low of $1.57 and a one year high of $7.80. The company has a market cap of $771.84 million, a P/E ratio of -191.13 and a beta of 1.85.

Institutional Trading of Honest

Hedge funds and other institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new stake in shares of Honest in the 1st quarter worth $27,000. Zacks Investment Management acquired a new stake in shares of Honest in the 3rd quarter worth $37,000. Creative Planning acquired a new stake in shares of Honest in the 3rd quarter worth $39,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Honest in the 3rd quarter worth $40,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Honest in the 2nd quarter worth $43,000. 45.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HNST. Telsey Advisory Group increased their target price on Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Alliance Global Partners increased their target price on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Northland Securities increased their target price on Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Northland Capmk upgraded Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, B. Riley increased their target price on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Honest presently has a consensus rating of “Moderate Buy” and an average target price of $5.93.

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.