Key Points
- Honest SVP Jonathan Mayle sold 79,000 shares at an average price of $5.22, totaling $412,380. The transaction reduced his direct holdings by 17.59% to 370,155 shares.
- Honest reported quarterly earnings of $0.04 per share, beating estimates of $0.01, while revenue of $80.19 million exceeded expectations of $77.83 million.
- Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $4.38, below its reported opening price of $5.21.
The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) Director Andrea Turner sold 29,899 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $5.21, for a total transaction of $155,773.79. Following the sale, the director owned 252,405 shares of the company's stock, valued at approximately $1,315,030.05. This represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Andrea Turner also recently made the following trade(s):
- On Monday, August 10th, Andrea Turner sold 34,396 shares of Honest stock. The shares were sold at an average price of $5.30, for a total transaction of $182,298.80.
Honest Stock Down 0.4%
HNST stock opened at $5.21 on Wednesday. The company has a 50 day moving average of $3.85 and a two-hundred day moving average of $3.23. The company has a market cap of $573.52 million, a price-to-earnings ratio of -47.36 and a beta of 2.12. The Honest Company, Inc. has a 12-month low of $2.07 and a 12-month high of $5.84.
Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $80.19 million during the quarter, compared to analyst estimates of $77.83 million. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%. On average, research analysts anticipate that The Honest Company, Inc. will post 0.09 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. B. Riley Financial raised their price target on Honest from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Alliance Global Partners reissued a "buy" rating on shares of Honest in a research note on Thursday, August 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Honest in a report on Tuesday, May 26th. Freedom Capital raised shares of Honest from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Finally, Telsey Advisory Group lifted their target price on shares of Honest from $4.00 to $5.00 and gave the company a "market perform" rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $4.38.
View Our Latest Analysis on Honest
Hedge Funds Weigh In On Honest
Hedge funds have recently bought and sold shares of the business. Allworth Financial LP bought a new position in Honest during the second quarter valued at about $26,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Honest by 1,392.2% in the third quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company's stock worth $26,000 after buying an additional 6,599 shares during the last quarter. Amicus Financial Advisors LLC bought a new stake in shares of Honest during the 4th quarter worth about $29,000. Hibernia Wealth Partners LLC bought a new stake in shares of Honest during the 4th quarter worth about $32,000. Finally, Equity Wealth Partners LLC acquired a new position in shares of Honest during the 3rd quarter valued at about $37,000. 45.54% of the stock is owned by institutional investors and hedge funds.
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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