The Honest Company, Inc. (NASDAQ:HNST) Given Average Recommendation of “Hold” by Analysts

The Honest Company, Inc. (NASDAQ:HNSTGet Rating) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.79.

Several equities research analysts have issued reports on HNST shares. Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and dropped their target price for the stock from $5.00 to $3.00 in a research report on Thursday, June 9th. Telsey Advisory Group decreased their price target on shares of Honest from $12.00 to $8.00 and set an “outperform” rating on the stock in a report on Monday, August 15th.

Honest Trading Down 4.9 %

Honest stock opened at $3.91 on Monday. The company has a market cap of $361.35 million, a price-to-earnings ratio of -9.09 and a beta of 0.71. The business’s 50 day simple moving average is $3.71 and its 200 day simple moving average is $3.90. Honest has a 12 month low of $2.54 and a 12 month high of $11.65.

Honest (NASDAQ:HNSTGet Rating) last posted its earnings results on Friday, August 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The company had revenue of $78.50 million for the quarter, compared to analysts’ expectations of $75.74 million. Honest had a negative return on equity of 22.48% and a negative net margin of 12.51%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) EPS. As a group, equities research analysts forecast that Honest will post -0.37 earnings per share for the current fiscal year.

Insider Transactions at Honest

In related news, insider Jessica Warren sold 7,403 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $3.74, for a total value of $27,687.22. Following the transaction, the insider now owns 606,094 shares of the company’s stock, valued at $2,266,791.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jessica Warren sold 7,403 shares of the stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $3.74, for a total value of $27,687.22. Following the transaction, the insider now owns 606,094 shares of the company’s stock, valued at $2,266,791.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nikolaos A. Vlahos sold 16,804 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $3.74, for a total value of $62,846.96. Following the completion of the transaction, the chief executive officer now directly owns 1,264,054 shares in the company, valued at approximately $4,727,561.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,581 shares of company stock valued at $128,784. 26.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC bought a new position in shares of Honest during the fourth quarter valued at about $27,000. Commonwealth Equity Services LLC purchased a new stake in shares of Honest during the second quarter worth about $29,000. Nisa Investment Advisors LLC purchased a new stake in shares of Honest during the first quarter worth about $36,000. Arizona State Retirement System purchased a new stake in shares of Honest during the second quarter worth about $43,000. Finally, LPL Financial LLC purchased a new stake in shares of Honest during the second quarter worth about $60,000. 43.79% of the stock is owned by institutional investors.

About Honest

(Get Rating)

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.

Further Reading

Analyst Recommendations for Honest (NASDAQ:HNST)

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