The Honest Company, Inc. (NASDAQ:HNST) Receives $7.42 Consensus PT from Analysts

The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two 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. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.42.

• The Honest Company is Undergoing an Honestly Solid Turnaround

A number of research firms recently weighed in on HNST. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 price objective on shares of Honest in a report on Thursday, February 27th. Northland Securities raised 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. Finally, Loop Capital lowered shares of Honest from a "buy" rating to a "hold" rating and set a $7.00 price objective on the stock. in a research report on Tuesday, December 17th.

View Our Latest Stock Report on Honest

Insiders Place Their Bets

• The Honest Company Stock is Looking Honestly Good

In other Honest news, insider Stephen Winchell sold 20,000 shares of Honest stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total transaction of $99,600.00. Following the sale, the insider now owns 431,844 shares in the company, valued at $2,150,583.12. The trade was a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total transaction of $182,532.47. Following the sale, the senior vice president now owns 307,740 shares in the company, valued at $1,498,693.80. This represents a 10.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.

Institutional Investors Weigh In On Honest

Institutional investors and hedge funds have recently made changes to their positions in the company. Ieq Capital LLC boosted its stake in shares of Honest by 61.3% in the 4th quarter. Ieq Capital LLC now owns 130,651 shares of the company's stock valued at $905,000 after purchasing an additional 49,673 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Honest by 216.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company's stock valued at $1,947,000 after purchasing an additional 372,749 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Honest in the 3rd quarter valued at $260,000. Los Angeles Capital Management LLC acquired a new stake in shares of Honest in the 4th quarter valued at $819,000. Finally, ArrowMark Colorado Holdings LLC boosted its stake in shares of Honest by 6.4% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company's stock valued at $11,295,000 after purchasing an additional 191,547 shares in the last quarter. Institutional investors and hedge funds own 45.54% of the company's stock.

Honest Price Performance

Honest stock opened at $5.02 on Wednesday. The firm has a market capitalization of $546.73 million, a P/E ratio of -125.50 and a beta of 2.45. The firm has a fifty day moving average of $5.77 and a 200-day moving average of $5.52. Honest has a 52-week low of $2.40 and a 52-week high of $8.97.

Honest (NASDAQ:HNST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. The firm had revenue of $99.84 million for the quarter, compared to the consensus estimate of $96.46 million. On average, research analysts expect that Honest will post -0.07 EPS for the current fiscal 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.

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