Key Points
- Honest CEO Carla Vernon sold 119,389 shares on May 20 at an average price of $3.14, worth about $374,881. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The transaction reduced Vernon’s stake by 2.94%, though she still holds 3,946,451 shares valued at roughly $12.39 million.
- Honest stock was up 6.9% in the session and recently traded near $3.41. The company also reported quarterly earnings of $0.01 per share, matching estimates, and revenue of $78.1 million, above forecasts.
The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) SVP Kunssberg Etienne Von sold 4,544 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $3.34, for a total value of $15,176.96. Following the transaction, the senior vice president directly owned 284,913 shares in the company, valued at $951,609.42. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Kunssberg Etienne Von also recently made the following trade(s):
- On Wednesday, May 20th, Kunssberg Etienne Von sold 2,651 shares of Honest stock. The stock was sold at an average price of $3.14, for a total value of $8,324.14.
- On Thursday, March 5th, Kunssberg Etienne Von sold 12,179 shares of Honest stock. The stock was sold at an average price of $2.85, for a total value of $34,710.15.
Honest Stock Up 6.9%
Shares of NASDAQ:HNST opened at $3.41 on Friday. The Honest Company, Inc. has a twelve month low of $2.07 and a twelve month high of $5.28. The stock's 50 day moving average is $3.12 and its 200-day moving average is $2.78. The firm has a market capitalization of $375.37 million, a price-to-earnings ratio of -20.06 and a beta of 2.15.
Honest (NASDAQ:HNST - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. Honest had a positive return on equity of 3.52% and a negative net margin of 5.39%.The company had revenue of $78.10 million for the quarter, compared to analyst estimates of $76.25 million. Equities research analysts anticipate that The Honest Company, Inc. will post 0.1 earnings per share for the current fiscal year.
Honest declared that its Board of Directors has authorized a share repurchase program on Friday, February 20th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 9.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Honest from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Telsey Advisory Group reissued a "market perform" rating and issued a $4.00 price target on shares of Honest in a research report on Thursday, May 7th. Morgan Stanley set a $3.40 price target on Honest in a research report on Thursday, May 7th. Zacks Research raised Honest from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 26th. Finally, Alliance Global Partners reissued a "buy" rating on shares of Honest in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $3.47.
View Our Latest Report on Honest
Institutional Investors Weigh In On Honest
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Honest by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company's stock valued at $235,000 after buying an additional 3,210 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Honest by 18.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,366 shares of the company's stock valued at $81,000 after buying an additional 3,365 shares during the last quarter. Osaic Holdings Inc. grew its stake in Honest by 33.9% in the 2nd quarter. Osaic Holdings Inc. now owns 14,577 shares of the company's stock valued at $74,000 after purchasing an additional 3,693 shares during the period. The Manufacturers Life Insurance Company grew its stake in Honest by 14.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,734 shares of the company's stock valued at $172,000 after purchasing an additional 4,378 shares during the period. Finally, Wealthfront Advisers LLC grew its stake in Honest by 24.0% in the 4th quarter. Wealthfront Advisers LLC now owns 25,177 shares of the company's stock valued at $65,000 after purchasing an additional 4,873 shares during the period. 45.54% of the stock is owned by hedge funds and other institutional investors.
Honest Company Profile
(
Get Free Report)
The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.
Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.
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