Honest (NASDAQ:HNST) Posts Earnings Results

Honest (NASDAQ:HNST) issued its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01, Zacks reports. The company had revenue of $99.84 million during the quarter, compared to analysts’ expectations of $96.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. Honest updated its FY 2025 guidance to EPS.

Honest Trading Up 7.5 %

Honest stock traded up $0.38 during midday trading on Friday, reaching $5.39. The stock had a trading volume of 2,098,373 shares, compared to its average volume of 2,495,654. The company has a fifty day moving average price of $6.30 and a two-hundred day moving average price of $5.44. Honest has a 12 month low of $2.40 and a 12 month high of $8.97. The company has a market capitalization of $543.67 million, a P/E ratio of -134.63 and a beta of 2.43.

Insider Transactions at Honest

In other Honest news, Director Jessica Warren sold 465,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total value of $3,510,750.00. Following the transaction, the director now directly owns 1,170,058 shares of the company’s stock, valued at approximately $8,833,937.90. This trade represents a 28.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on HNST shares. Loop Capital downgraded shares of Honest from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research report on Tuesday, December 17th. Northland Securities increased their price objective on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Alliance Global Partners boosted their target price on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. B. Riley upped their price target on shares of Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of Honest in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.93.

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.