Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) Insider Sells $188,166.10 in Stock

The Honest Company, Inc. (NASDAQ:HNST) insider Katherine Barton sold 67,930 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $2.77, for a total value of $188,166.10. Following the sale, the insider now owns 933,005 shares of the company’s stock, valued at approximately $2,584,423.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Honest Stock Performance

Shares of Honest stock opened at $2.75 on Friday. The Honest Company, Inc. has a 52 week low of $1.06 and a 52 week high of $4.89. The stock’s 50-day simple moving average is $3.35 and its 200-day simple moving average is $3.02.

Honest (NASDAQ:HNST) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. Honest had a negative net margin of 6.27% and a negative return on equity of 17.44%. The business had revenue of $90.26 million during the quarter, compared to analyst estimates of $83.54 million. Research analysts predict that The Honest Company, Inc. will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in shares of Honest in the first quarter worth about $27,000. Lazard Asset Management LLC bought a new stake in shares of Honest in the 1st quarter valued at approximately $52,000. SG Americas Securities LLC purchased a new stake in shares of Honest in the first quarter valued at $93,000. Echo Wealth Management LLC purchased a new position in shares of Honest during the 1st quarter worth about $101,000. Finally, Cannon Global Investment Management LLC bought a new position in Honest during the 1st quarter valued at about $122,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Analyst Ratings Changes

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

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.