The Honest Company, Inc. (NASDAQ:HNST) Insider Sells $99,600.00 in Stock
The Honest Company, Inc. (NASDAQ:HNST) insider Stephen Winchell sold 20,000 shares at $4.98 each, totaling $99,600. Following the sale, he holds 431,844 shares valued at $2,150,583.12, marking a 4.43% decrease in his position. The company's stock recently traded at $5.09, with a market cap of $554.35 million. Analysts predict a consensus target price of $7.42, with a "Moderate Buy" rating. Institutional investors own 45.54% of the stock, and recent earnings showed a revenue of $99.84 million, surpassing estimates.
The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) insider Stephen Winchell sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total value of $99,600.00. Following the completion of the sale, the insider now owns 431,844 shares of the company's stock, valued at $2,150,583.12. The trade was a 4.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Honest Price Performance
- The Honest Company is Undergoing an Honestly Solid Turnaround
NASDAQ HNST traded up $0.25 during trading hours on Friday, hitting $5.09. The company's stock had a trading volume of 2,599,909 shares, compared to its average volume of 1,998,874. The company has a market cap of $554.35 million, a P/E ratio of -127.25 and a beta of 2.45. The company's 50 day simple moving average is $5.93 and its two-hundred day simple moving average is $5.50. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97.
Honest (NASDAQ:HNST - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The business had revenue of $99.84 million during the quarter, compared to the consensus estimate of $96.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. As a group, research analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Honest
- The Honest Company Stock is Looking Honestly Good
Several institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Honest during the fourth quarter valued at approximately $26,000. Zacks Investment Management bought a new position in Honest in the 3rd quarter worth $37,000. Creative Planning bought a new stake in Honest during the third quarter valued at about $39,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Honest in the third quarter worth about $40,000. Finally, New York State Teachers Retirement System bought a new position in shares of Honest in the fourth quarter worth about $52,000. Institutional investors own 45.54% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on HNST. Northland Securities increased their price objective on Honest from $7.50 to $9.50 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Telsey Advisory Group reissued a "market perform" rating and set a $7.00 price objective on shares of Honest in a research report on Thursday, February 27th. Finally, Loop Capital lowered shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 price objective for the company. in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Honest has a consensus rating of "Moderate Buy" and a consensus target price of $7.42.
View Our Latest Stock Report on HNST
About Honest
(Get Free Report)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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