Hillsdale Investment Management Inc. Has $346,000 Position in The Honest Company, Inc. (NASDAQ:HNST)

Hillsdale Investment Management Inc. lessened its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST) by 17.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,000 shares of the company’s stock after selling 10,400 shares during the period. Hillsdale Investment Management Inc.’s holdings in Honest were worth $346,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Honest during the fourth quarter worth approximately $26,000. New York State Teachers Retirement System acquired a new position in Honest during the 4th quarter valued at $52,000. Zacks Investment Management bought a new stake in Honest in the 3rd quarter valued at $37,000. Entropy Technologies LP acquired a new stake in Honest in the 4th quarter worth $115,000. Finally, Olympiad Research LP bought a new position in shares of Honest during the 4th quarter worth about $168,000. Institutional investors own 45.54% of the company’s stock.

Insiders Place Their Bets

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

Honest Stock Up 2.6 %

HNST stock opened at $5.15 on Tuesday. The Honest Company, Inc. has a twelve month low of $2.40 and a twelve month high of $8.97. The company has a market cap of $560.89 million, a P/E ratio of -128.75 and a beta of 2.45. The business has a fifty day moving average of $5.75 and a 200-day moving average of $5.55.

Honest (NASDAQ:HNST) last released its 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. The company had revenue of $99.84 million for 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, equities research analysts anticipate that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

HNST has been the subject of several recent research reports. Loop Capital cut 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. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 target price on shares of Honest in a research note on Thursday, February 27th. Finally, Northland Securities boosted their price target on shares of Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $7.42.

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.