Stephen Winchell Sells 12,715 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST – Get Rating) EVP Stephen Winchell sold 12,715 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $1.58, for a total value of $20,089.70. Following the transaction, the executive vice president now directly owns 297,204 shares in the company, valued at approximately $469,582.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Honest Stock Performance

Shares of NASDAQ HNST opened at $1.49 on Friday. The Honest Company, Inc. has a 1-year low of $1.44 and a 1-year high of $4.52. The business has a fifty day moving average price of $1.75 and a 200 day moving average price of $2.54.

Honest (NASDAQ:HNST – Get Rating) last released its quarterly earnings results on Thursday, March 16th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Honest had a negative net margin of 16.22% and a negative return on equity of 31.18%. The firm had revenue of $81.86 million for the quarter, compared to analysts’ expectations of $80.23 million. On average, research analysts predict that The Honest Company, Inc. will post -0.54 EPS for the current year.

Hedge Funds Weigh In On Honest

A number of large investors have recently made changes to their positions in the business. Green Alpha Advisors LLC acquired a new stake in shares of Honest in the 1st quarter worth $45,000. Tower Research Capital LLC TRC raised its position in shares of 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Honest by 160.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,495 shares of the company’s stock worth $54,000 after purchasing an additional 9,541 shares in the last quarter. LPL Financial LLC purchased a new stake in Honest during the 2nd quarter worth approximately $60,000. Finally, Bank of Montreal Can raised its holdings in shares of Honest by 37.4% in the second quarter. Bank of Montreal Can now owns 19,383 shares of the company’s stock worth $61,000 after buying an additional 5,275 shares during the last quarter. 41.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HNST has been the topic of a number of analyst reports. Loop Capital cut their price objective on shares of Honest from $3.00 to $2.00 in a research report on Friday, March 17th. Telsey Advisory Group lowered Honest from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $6.00 to $2.00 in a research note on Friday, March 17th.

About Honest

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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.