Insider Selling: Honest (NASDAQ:HNST) SVP Sells $412,380.00 in Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 79,000 shares of Honest stock in a transaction on Monday, August 10th. The shares were sold at an average price of $5.22, for a total value of $412,380.00. Following the sale, the senior vice president directly owned 370,155 shares in the company, valued at $1,932,209.10. The trade was a 17.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jonathan Mayle also recently made the following trade(s):

• On Wednesday, May 20th, Jonathan Mayle sold 6,236 shares of Honest stock. The stock was sold at an average price of $3.14, for a total value of $19,581.04.

Honest Stock Performance

NASDAQ:HNST opened at $5.03 on Friday. The stock has a market cap of $553.70 million, a price-to-earnings ratio of -45.73 and a beta of 2.12. The Honest Company, Inc. has a 1 year low of $2.07 and a 1 year high of $5.84. The business has a fifty day moving average of $3.92 and a 200-day moving average of $3.27.

Honest (NASDAQ:HNST) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $80.19 million for the quarter, compared to analysts’ expectations of $77.83 million. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. On average, equities research analysts predict that The Honest Company, Inc. will post 0.09 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings raised shares of Honest from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday. Freedom Capital raised Honest from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Wall Street Zen upgraded Honest from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. B. Riley Financial increased their price target on Honest from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Honest in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.84.

Institutional Investors Weigh In On Honest

A number of institutional investors and hedge funds have recently bought and sold shares of HNST. Allworth Financial LP bought a new stake in shares of Honest in the 2nd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in Honest by 1,392.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company’s stock worth $26,000 after buying an additional 6,599 shares in the last quarter. Equity Wealth Partners LLC bought a new stake in Honest during the third quarter worth approximately $37,000. CIBC Bancorp USA Inc. acquired a new position in Honest in the third quarter worth approximately $39,000. Finally, Amicus Financial Advisors LLC acquired a new position in Honest in the fourth quarter worth approximately $29,000. 45.54% of the stock is owned by institutional investors and hedge funds.

Honest Company Profile

The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.