Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) SVP Sells $182,532.47 in Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the sale, the senior vice president now directly owns 307,740 shares of the company’s stock, valued at approximately $1,498,693.80. This trade represents a 10.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Honest Trading Up 5.2 %

NASDAQ HNST opened at $5.09 on Friday. The Honest Company, Inc. has a 1-year low of $2.40 and a 1-year high of $8.97. The stock has a 50-day moving average of $5.90 and a 200-day moving average of $5.51. The firm has a market cap of $554.35 million, a PE ratio of -127.25 and a beta of 2.45.

Honest (NASDAQ:HNST) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The company had revenue of $99.84 million for the quarter, compared to the consensus estimate of $96.46 million. As a group, equities research analysts forecast that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in Honest during the 4th quarter valued at about $26,000. Zacks Investment Management purchased a new position in Honest during the 3rd quarter valued at about $37,000. Creative Planning purchased a new position in Honest during the 3rd quarter valued at about $39,000. Wealth Enhancement Advisory Services LLC purchased a new position in Honest during the 3rd quarter valued at about $40,000. Finally, New York State Teachers Retirement System purchased a new position in Honest during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Northland Securities lifted their price target on Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Loop Capital lowered Honest from a “buy” rating to a “hold” rating and set a $7.00 price target for the company. in a research note on Tuesday, December 17th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price target on shares of Honest in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $7.42.

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.