The Honest Company, Inc. (NASDAQ:HNST) CFO David Loretta Sells 27,004 Shares

The Honest Company, Inc. (NASDAQ:HNST) CFO David Loretta sold 27,004 shares of Honest stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $7.10, for a total transaction of $191,728.40. Following the sale, the chief financial officer now owns 960,753 shares in the company, valued at approximately $6,821,346.30. The trade was a 2.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Honest Price Performance

Shares of HNST opened at $7.25 on Thursday. The company’s fifty day simple moving average is $4.16 and its 200-day simple moving average is $3.61. The Honest Company, Inc. has a twelve month low of $1.57 and a twelve month high of $7.57.

Institutional Trading of Honest

Several institutional investors have recently added to or reduced their stakes in HNST. EntryPoint Capital LLC bought a new stake in shares of Honest during the 1st quarter worth approximately $27,000. Zacks Investment Management bought a new stake in shares of Honest during the third quarter worth $37,000. Creative Planning purchased a new stake in shares of Honest during the third quarter valued at $39,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Honest in the third quarter worth about $40,000. Finally, Lazard Asset Management LLC purchased a new position in Honest in the 1st quarter worth about $52,000. Institutional investors own 45.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Northland Securities lifted their price target on shares of Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a report on Wednesday, November 13th. B. Riley lifted their target price on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Northland Capmk upgraded Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Alliance Global Partners upped their price objective on Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Telsey Advisory Group increased their target price on Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Honest has a consensus rating of “Moderate Buy” and a consensus target price of $5.93.

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.