Honest (NASDAQ:HNST) Posts Earnings Results, Beats Expectations By $0.01 EPS

Honest (NASDAQ:HNST) released its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01, Zacks reports. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. The firm had revenue of $99.84 million during the quarter, compared to analyst estimates of $96.46 million. Honest updated its FY 2025 guidance to EPS.

Honest Stock Down 12.9 %

Shares of NASDAQ:HNST traded down $0.74 on Thursday, reaching $4.95. 4,981,404 shares of the company’s stock were exchanged, compared to its average volume of 2,346,385. The business’s 50-day moving average is $6.33 and its two-hundred day moving average is $5.44. Honest has a fifty-two week low of $2.40 and a fifty-two week high of $8.97. The firm has a market capitalization of $499.25 million, a price-to-earnings ratio of -122.70 and a beta of 2.43.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HNST shares. Alliance Global Partners increased their price objective on shares of Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Northland Securities increased their price target on shares of Honest from $7.50 to $9.50 and gave the stock 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 price objective for the company. in a research note on Tuesday, December 17th. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price objective on shares of Honest in a report on Thursday. Finally, B. Riley lifted their target price on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.93.

Insider Activity at Honest

In other Honest news, Director Jessica Warren sold 465,000 shares of Honest stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $7.55, for a total value of $3,510,750.00. Following the completion of the transaction, the director now directly owns 1,170,058 shares in the company, valued at $8,833,937.90. The trade was a 28.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.60% 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.