Key Points
- CEO Carla Vernon sold 97,505 shares on November 20 at an average price of $2.60 for proceeds of $253,513, trimming her ownership by 3.25% to 2,901,488 shares (valued at about $7.54M).
- Honest reported quarterly EPS of $0.01 on November 5, beating estimates by $0.02, but revenue of $92.57M missed the consensus of $99.43M.
- Shares trade near $2.52 with a market cap of $281.7M and mixed analyst views — the consensus rating is "Hold" with a $5.10 average price target (2 Buy, 5 Hold, 1 Sell).
The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) insider Stephen Winchell sold 10,595 shares of the business's stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $2.60, for a total transaction of $27,547.00. Following the sale, the insider owned 399,662 shares of the company's stock, valued at approximately $1,039,121.20. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Honest Stock Down 0.4%
Shares of HNST stock traded down $0.01 during mid-day trading on Friday, reaching $2.52. The company's stock had a trading volume of 3,088,518 shares, compared to its average volume of 5,499,061. The firm has a market capitalization of $281.71 million, a PE ratio of 42.00 and a beta of 2.28. The company's 50 day simple moving average is $3.43 and its 200-day simple moving average is $4.18. The Honest Company, Inc. has a 12-month low of $2.31 and a 12-month high of $8.97.
Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $92.57 million during the quarter, compared to the consensus estimate of $99.43 million. Honest had a return on equity of 3.86% and a net margin of 1.85%. Honest has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that The Honest Company, Inc. will post -0.07 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
HNST has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Honest from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Saturday, October 25th. Zacks Research lowered shares of Honest from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 6th. B. Riley reiterated a "buy" rating on shares of Honest in a report on Thursday, November 6th. Morgan Stanley decreased their price objective on shares of Honest from $4.25 to $3.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Lake Street Capital lowered Honest from a "buy" rating to a "hold" rating and set a $3.00 target price on the stock. in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $5.10.
Read Our Latest Stock Report on Honest
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in HNST. Nuveen LLC acquired a new position in shares of Honest in the 1st quarter valued at about $10,554,000. Goldman Sachs Group Inc. raised its stake in Honest by 18.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,064,179 shares of the company's stock worth $5,002,000 after acquiring an additional 163,380 shares during the period. GSA Capital Partners LLP lifted its holdings in Honest by 68.2% in the first quarter. GSA Capital Partners LLP now owns 272,284 shares of the company's stock worth $1,280,000 after acquiring an additional 110,408 shares during the last quarter. Strs Ohio bought a new position in Honest in the first quarter worth about $3,550,000. Finally, Templeton & Phillips Capital Management LLC acquired a new position in Honest in the second quarter valued at approximately $570,000. 45.54% of the stock is currently owned by institutional investors.
Honest Company Profile
(
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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