Jonathan Mayle Sells 37,481 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 37,481 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total transaction of $182,532.47. Following the completion of the sale, the senior vice president now directly owns 307,740 shares of the company’s stock, valued at $1,498,693.80. The trade was a 10.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Honest Trading Up 5.2 %

NASDAQ HNST opened at $5.09 on Friday. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97. The firm’s fifty day simple moving average is $5.90 and its two-hundred day simple moving average is $5.50. The firm has a market capitalization of $554.35 million, a P/E ratio of -127.25 and a beta of 2.45.

Honest (NASDAQ:HNST) last announced its earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. 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 for the quarter, compared to the consensus estimate of $96.46 million. As a group, sell-side analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HNST shares. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of Honest in a research note on Thursday, February 27th. Loop Capital lowered Honest from a “buy” rating to a “hold” rating and set a $7.00 price target for the company. in a research report on Tuesday, December 17th. Finally, Northland Securities upped their price objective on Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $7.42.

Hedge Funds Weigh In On Honest

Several hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in Honest in the 4th quarter worth approximately $26,000. New York State Teachers Retirement System purchased a new position in shares of Honest in the fourth quarter worth $52,000. Zacks Investment Management acquired a new stake in shares of Honest during the third quarter worth $37,000. Creative Planning purchased a new stake in shares of Honest during the third quarter valued at $39,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Honest in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 45.54% 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.