The Honest Company, Inc. (NASDAQ:HNST) EVP Sells $50,573.30 in Stock

The Honest Company, Inc. (NASDAQ:HNST) EVP Stephen Winchell sold 7,123 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total value of $50,573.30. Following the completion of the sale, the executive vice president now directly owns 382,613 shares in the company, valued at $2,716,552.30. The trade was a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Honest Stock Performance

HNST stock opened at $8.15 on Friday. The company’s 50 day moving average price is $4.32 and its 200 day moving average price is $3.68. The Honest Company, Inc. has a fifty-two week low of $1.83 and a fifty-two week high of $8.29.

Institutional Investors Weigh In On Honest

A number of institutional investors and hedge funds have recently modified their holdings of HNST. Dynamic Technology Lab Private Ltd lifted its position in Honest by 7.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 80,544 shares of the company’s stock worth $288,000 after buying an additional 5,330 shares during the period. EntryPoint Capital LLC purchased a new stake in Honest during the 1st quarter worth $27,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Honest by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company’s stock valued at $805,000 after buying an additional 7,379 shares during the period. XTX Topco Ltd boosted its stake in shares of Honest by 6.4% in the second quarter. XTX Topco Ltd now owns 137,797 shares of the company’s stock valued at $402,000 after purchasing an additional 8,282 shares during the period. Finally, Zacks Investment Management acquired a new position in Honest in the 3rd quarter worth $37,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Analyst Ratings Changes

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