Loop Capital Cuts Honest (NASDAQ:HNST) Price Target to $2.00

Honest (NASDAQ:HNST – Get Rating) had its target price dropped by analysts at Loop Capital from $3.00 to $2.00 in a research note issued on Friday, The Fly reports. Loop Capital’s price target would indicate a potential upside of 14.94% from the company’s previous close.

Separately, Telsey Advisory Group lowered shares of Honest from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $6.00 to $2.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.04.

Honest Trading Down 6.5 %

Shares of HNST stock opened at $1.74 on Friday. Honest has a 1 year low of $1.63 and a 1 year high of $6.16. The firm’s fifty day moving average price is $2.93 and its two-hundred day moving average price is $3.15. The firm has a market capitalization of $161.25 million, a P/E ratio of -3.48 and a beta of 0.44.

Insider Transactions at Honest

In related news, insider Jessica Warren sold 12,738 shares of Honest stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $2.92, for a total transaction of $37,194.96. Following the completion of the sale, the insider now owns 1,054,294 shares of the company’s stock, valued at approximately $3,078,538.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, General Counsel Brendan Sheehey sold 11,297 shares of Honest stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $2.92, for a total transaction of $32,987.24. Following the completion of the sale, the general counsel now owns 253,884 shares of the company’s stock, valued at approximately $741,341.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jessica Warren sold 12,738 shares of Honest stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $2.92, for a total transaction of $37,194.96. Following the sale, the insider now directly owns 1,054,294 shares of the company’s stock, valued at approximately $3,078,538.48. The disclosure for this sale can be found here. Insiders have sold 80,372 shares of company stock worth $234,541 in the last ninety days. Insiders own 26.20% of the company’s stock.

Institutional Trading of Honest

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its holdings in Honest by 375.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 14,632 shares of the company’s stock valued at $52,000 after purchasing an additional 11,552 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Honest by 160.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,495 shares of the company’s stock valued at $54,000 after purchasing an additional 9,541 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Honest by 21.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,762 shares of the company’s stock valued at $56,000 after purchasing an additional 3,267 shares during the period. LPL Financial LLC bought a new stake in Honest in the 2nd quarter valued at about $60,000. Finally, Bank of Montreal Can boosted its holdings in Honest by 37.4% in the 2nd quarter. Bank of Montreal Can now owns 19,383 shares of the company’s stock valued at $61,000 after purchasing an additional 5,275 shares during the period. Institutional investors own 41.17% of the company’s stock.

Honest Company Profile

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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.