Honest (NASDAQ:HNST) Director Andrea Turner Sells 34,396 Shares

by · The Markets Daily

The Honest Company, Inc. (NASDAQ:HNST – Get Free Report) Director Andrea Turner sold 34,396 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $5.30, for a total value of $182,298.80. Following the completion of the transaction, the director owned 282,304 shares in the company, valued at $1,496,211.20. This represents a 10.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andrea Turner also recently made the following trade(s):

  • On Tuesday, August 11th, Andrea Turner sold 29,899 shares of Honest stock. The stock was sold at an average price of $5.21, for a total value of $155,773.79.

Honest Trading Down 0.4%

NASDAQ HNST opened at $5.21 on Wednesday. The Honest Company, Inc. has a 12 month low of $2.07 and a 12 month high of $5.84. The stock has a 50-day simple moving average of $3.85 and a 200 day simple moving average of $3.23. The company has a market capitalization of $573.52 million, a PE ratio of -47.36 and a beta of 2.12.

Honest (NASDAQ:HNST – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $80.19 million for the quarter, compared to analysts’ expectations of $77.83 million. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%. As a group, sell-side analysts predict that The Honest Company, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HNST shares. Alliance Global Partners reissued a “buy” rating on shares of Honest in a research note on Thursday, August 6th. Morgan Stanley set a $3.40 target price on shares of Honest in a research note on Thursday, May 7th. Freedom Capital raised shares of Honest from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. B. Riley Financial boosted their price target on shares of Honest from $4.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Northland Securities set a $5.50 price objective 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 assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Honest currently has an average rating of “Hold” and a consensus target price of $4.38.

Read Our Latest Analysis on Honest

Institutional Trading of Honest

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Honest during the second quarter worth $25,662,000. Mak Capital One LLC bought a new stake in Honest in the 4th quarter valued at $9,104,000. Balyasny Asset Management L.P. boosted its stake in Honest by 796.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,006,646 shares of the company’s stock worth $5,177,000 after purchasing an additional 1,782,742 shares during the period. Goldman Sachs Group Inc. boosted its stake in Honest by 70.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,520,331 shares of the company’s stock worth $3,922,000 after purchasing an additional 627,537 shares during the period. Finally, UBS Group AG increased its holdings in Honest by 77.3% during the 4th quarter. UBS Group AG now owns 1,014,939 shares of the company’s stock worth $2,619,000 after purchasing an additional 442,542 shares in the last quarter. 45.54% of the stock is owned by institutional investors.

About Honest

(Get Free Report)

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.

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