Thomas Sternweis Sells 10,047 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Thomas Sternweis sold 10,047 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $2.77, for a total value of $27,830.19. Following the completion of the transaction, the senior vice president now owns 237,211 shares of the company’s stock, valued at $657,074.47. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Honest Trading Down 3.3 %

Shares of Honest stock opened at $2.66 on Friday. The business has a 50-day moving average price of $3.38 and a two-hundred day moving average price of $3.01. The Honest Company, Inc. has a 1-year low of $1.06 and a 1-year high of $4.89. The company has a market cap of $262.38 million, a P/E ratio of -11.56 and a beta of 1.91.

Honest (NASDAQ:HNST) last issued its earnings results on Wednesday, March 6th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.09. The company had revenue of $90.26 million during the quarter, compared to the consensus estimate of $83.54 million. Honest had a negative return on equity of 17.44% and a negative net margin of 6.27%. Equities research analysts forecast that The Honest Company, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $4.00 target price on shares of Honest in a research report on Thursday, May 9th. Alliance Global Partners assumed coverage on Honest in a research report on Tuesday, February 6th. They set a “buy” rating and a $5.75 target price for the company. Lake Street Capital assumed coverage on Honest in a research report on Thursday, April 4th. They set a “buy” rating and a $6.00 target price for the company. Loop Capital lowered their target price on Honest from $5.00 to $3.00 and set a “hold” rating for the company in a research report on Friday, April 19th. Finally, Morgan Stanley increased their price target on Honest from $1.85 to $4.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Honest presently has a consensus rating of “Hold” and an average target price of $4.55.

Institutional Trading of Honest

Large investors have recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Honest in the 1st quarter valued at about $27,000. Lazard Asset Management LLC acquired a new position in Honest during the 1st quarter valued at about $52,000. Pathstone Family Office LLC boosted its stake in Honest by 159.4% during the 3rd quarter. Pathstone Family Office LLC now owns 64,860 shares of the company’s stock valued at $82,000 after purchasing an additional 39,860 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in Honest during the 3rd quarter valued at about $89,000. Finally, SG Americas Securities LLC acquired a new position in Honest during the 1st quarter valued at about $93,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

About Honest

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.