Honest (HNST) Expected to Announce Quarterly Earnings on Wednesday

Honest (NASDAQ:HNST) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $96.46 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Honest Stock Performance

Shares of NASDAQ:HNST opened at $5.73 on Monday. The company has a market cap of $578.00 million, a P/E ratio of -143.13 and a beta of 2.43. The stock’s 50-day moving average is $6.41 and its 200-day moving average is $5.41. Honest has a 52-week low of $2.40 and a 52-week high of $8.97.

Insiders Place Their Bets

In other Honest news, Director Jessica Warren sold 465,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the completion of the transaction, the director now owns 1,170,058 shares in the company, valued at $8,833,937.90. This trade represents a 28.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Brendan Sheehey sold 92,138 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $8.13, for a total transaction of $749,081.94. Following the transaction, the general counsel now owns 516,816 shares of the company’s stock, valued at approximately $4,201,714.08. This represents a 15.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

HNST has been the topic of several research analyst reports. B. Riley raised their price target on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 target price on shares of Honest in a research note on Wednesday, February 19th. Northland Securities increased their target price on shares of Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Loop Capital cut shares of Honest from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research note on Tuesday, December 17th. Finally, Alliance Global Partners increased their target price on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Honest presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.93.

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.