The Honest Company, Inc. (NASDAQ:HNST – Get Free Report) major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $3.50, for a total transaction of $8,050,000.00. Following the sale, the insider now owns 9,869,803 shares of the company’s stock, valued at approximately $34,544,310.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Honest Trading Down 0.8 %
HNST stock opened at $3.70 on Friday. The firm has a 50 day moving average of $3.92 and a 200-day moving average of $3.45. The Honest Company, Inc. has a 12-month low of $1.06 and a 12-month high of $4.89. The company has a market cap of $364.96 million, a price-to-earnings ratio of -16.09 and a beta of 1.90.
Honest (NASDAQ:HNST – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). Honest had a negative net margin of 3.50% and a negative return on equity of 10.00%. The company had revenue of $93.05 million during the quarter, compared to the consensus estimate of $87.63 million. During the same period last year, the firm earned ($0.14) EPS. Sell-side analysts forecast that The Honest Company, Inc. will post -0.1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Honest
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on HNST shares. Loop Capital upgraded shares of Honest from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Tuesday, June 25th. Northland Capmk upgraded shares of Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. B. Riley began coverage on shares of Honest in a research report on Tuesday, September 10th. They issued a “buy” rating and a $6.50 price objective for the company. Finally, Northland Securities began coverage on shares of Honest in a research report on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.04.
View Our Latest Research Report on HNST
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.
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