Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) Director Sells $179,750.00 in Stock

The Honest Company, Inc. (NASDAQ:HNST) Director James D. White sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the director now owns 284,244 shares of the company’s stock, valued at $2,043,714.36. This trade represents a 8.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Honest Stock Up 6.5 %

Honest stock opened at $8.15 on Friday. The business has a fifty day moving average of $4.32 and a two-hundred day moving average of $3.68. The firm has a market cap of $822.82 million, a P/E ratio of -203.75 and a beta of 1.85. The Honest Company, Inc. has a twelve month low of $1.83 and a twelve month high of $8.29.

Analyst Ratings Changes

HNST has been the subject of several recent analyst reports. B. Riley boosted their target price on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Northland Capmk upgraded Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Alliance Global Partners boosted their target price on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Northland Securities boosted their price target on Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Telsey Advisory Group boosted their price target on Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.93.

Institutional Trading of Honest

Hedge funds have recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new stake in Honest during the first quarter worth $27,000. Zacks Investment Management purchased a new stake in Honest during the third quarter worth $37,000. Creative Planning purchased a new stake in Honest during the third quarter worth $39,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Honest during the third quarter worth $40,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Honest during the second quarter worth $43,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

About Honest

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.