David Loretta Sells 75,656 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) CFO David Loretta sold 75,656 shares of Honest stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $4.28, for a total transaction of $323,807.68. Following the completion of the sale, the chief financial officer now directly owns 987,757 shares of the company’s stock, valued at approximately $4,227,599.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Honest Stock Down 3.8 %

NASDAQ:HNST traded down $0.17 during mid-day trading on Thursday, hitting $4.35. 998,495 shares of the company traded hands, compared to its average volume of 1,122,791. The stock’s fifty day moving average price is $3.35 and its 200-day moving average price is $3.32. The Honest Company, Inc. has a one year low of $1.06 and a one year high of $4.89. The firm has a market cap of $429.08 million, a price-to-earnings ratio of -18.91 and a beta of 1.86.

Honest (NASDAQ:HNST) last announced its quarterly earnings data 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 return on equity of 17.44% and a negative net margin of 6.27%. The company had revenue of $93.05 million during the quarter, compared to the consensus estimate of $87.63 million. During the same period in the previous year, the company posted ($0.14) EPS. Equities analysts predict that The Honest Company, Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

HNST has been the subject of several research analyst reports. Northland Capmk raised Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Northland Securities initiated coverage on Honest in a research note on Tuesday, August 6th. They set an “outperform” rating and a $6.00 price target for the company. Loop Capital raised shares of Honest from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Tuesday, June 25th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price objective on shares of Honest in a report on Thursday, May 9th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $4.79.

Hedge Funds Weigh In On Honest

A number of hedge funds have recently made changes to their positions in HNST. Raymond James & Associates lifted its holdings in shares of Honest by 62.6% in the fourth quarter. Raymond James & Associates now owns 34,511 shares of the company’s stock worth $114,000 after buying an additional 13,285 shares in the last quarter. Valmark Advisers Inc. bought a new position in shares of Honest during the 4th quarter valued at about $431,000. Jump Financial LLC purchased a new position in shares of Honest during the fourth quarter valued at about $120,000. Wade G W & Inc. increased its holdings in shares of Honest by 6.3% in the fourth quarter. Wade G W & Inc. now owns 197,290 shares of the company’s stock worth $651,000 after purchasing an additional 11,685 shares during the last quarter. Finally, Green Alpha Advisors LLC increased its holdings in shares of Honest by 1.3% in the first quarter. Green Alpha Advisors LLC now owns 415,148 shares of the company’s stock worth $1,681,000 after purchasing an additional 5,249 shares during the last quarter. Institutional investors own 45.54% of the company’s stock.

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.