Olympiad Research LP Acquires New Position in The Honest Company, Inc. (NASDAQ:HNST)

Olympiad Research LP acquired a new stake in The Honest Company, Inc. (NASDAQ:HNST) in the fourth quarter, Holdings Channel reports. The firm acquired 24,271 shares of the company’s stock, valued at approximately $168,000.

A number of other institutional investors have also recently made changes to their positions in HNST. CWM LLC grew its holdings in shares of Honest by 279,400.0% in the third quarter. CWM LLC now owns 22,360 shares of the company’s stock valued at $80,000 after purchasing an additional 22,352 shares in the last quarter. Creative Planning acquired a new position in shares of Honest in the third quarter valued at approximately $39,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Honest in the third quarter valued at approximately $40,000. US Bancorp DE acquired a new position in shares of Honest in the third quarter valued at approximately $78,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Honest by 122.5% in the third quarter. Harbor Capital Advisors Inc. now owns 219,697 shares of the company’s stock valued at $784,000 after purchasing an additional 120,937 shares in the last quarter. Institutional investors and hedge funds own 45.54% of the company’s stock.

Analyst Upgrades and Downgrades

HNST has been the subject of several analyst reports. Loop Capital cut shares of Honest from a “buy” rating to a “hold” rating and set a $7.00 price target for the company. in a report on Tuesday, December 17th. Alliance Global Partners boosted their price target on shares of Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 price target on shares of Honest in a report on Wednesday, February 19th. B. Riley boosted their price target on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Northland Securities boosted their price target on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Honest currently has an average rating of “Moderate Buy” and a consensus target price of $6.93.

Honest Trading Down 5.1 %

Shares of NASDAQ:HNST opened at $5.73 on Monday. The company has a market capitalization of $578.00 million, a PE ratio of -143.13 and a beta of 2.43. The Honest Company, Inc. has a twelve month low of $2.40 and a twelve month high of $8.97. The firm has a 50 day simple moving average of $6.41 and a 200-day simple moving average of $5.41.

Insider Transactions at Honest

In related news, Director Jessica Warren sold 465,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the completion of the sale, the director now owns 1,170,058 shares in the company, valued at $8,833,937.90. This represents a 28.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Brendan Sheehey sold 92,138 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $8.13, for a total transaction of $749,081.94. Following the sale, the general counsel now owns 516,816 shares of the company’s stock, valued at approximately $4,201,714.08. This represents a 15.13 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Honest Profile

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.