Ieq Capital LLC Buys 49,673 Shares of The Honest Company, Inc. (NASDAQ:HNST)

Ieq Capital LLC boosted its stake in The Honest Company, Inc. (NASDAQ:HNST) by 61.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,651 shares of the company’s stock after acquiring an additional 49,673 shares during the quarter. Ieq Capital LLC’s holdings in Honest were worth $905,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HNST. Creative Planning acquired a new position in shares of Honest during the 3rd quarter worth about $39,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Honest during the 3rd quarter worth about $40,000. US Bancorp DE acquired a new position in shares of Honest during the 3rd quarter worth about $78,000. Harbor Capital Advisors Inc. increased its stake in shares of Honest by 122.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 219,697 shares of the company’s stock worth $784,000 after purchasing an additional 120,937 shares during the last quarter. Finally, Mainstream Capital Management LLC acquired a new position in shares of Honest during the 3rd quarter worth about $843,000. 45.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Honest Trading Down 1.8 %

Honest stock opened at $5.57 on Wednesday. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year high of $8.97. The firm has a market capitalization of $562.35 million, a price-to-earnings ratio of -139.25 and a beta of 2.43. The firm’s fifty day moving average price is $6.35 and its two-hundred day moving average price is $5.44.

Insider Activity

In other news, Director Jessica Warren sold 465,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Honest Company 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.