Honest (HNST) to Release Earnings on Wednesday

Honest (NASDAQ:HNST) is expected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Honest to post earnings of ($0.02) per share and revenue of $96.46 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Honest Stock Down 1.0 %

HNST stock opened at $5.67 on Tuesday. The business’s 50-day moving average price is $6.38 and its 200-day moving average price is $5.42. The stock has a market cap of $572.44 million, a P/E ratio of -141.75 and a beta of 2.43. Honest has a twelve month low of $2.40 and a twelve month high of $8.97.

Analyst Ratings Changes

HNST has been the subject of a number of recent analyst reports. Northland Securities upped their price target 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. B. Riley upped their target price on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 price target on shares of Honest in a report on Wednesday, February 19th. Alliance Global Partners upped their price objective on Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Loop Capital cut 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. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Honest has a consensus rating of “Moderate Buy” and a consensus target price of $6.93.

Insider Buying and Selling at Honest

In related news, Director Jessica Warren sold 465,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the sale, the director now owns 1,170,058 shares of the company’s stock, valued at $8,833,937.90. This represents a 28.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Brendan Sheehey sold 92,138 shares of Honest stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $8.13, for a total transaction of $749,081.94. Following the completion of the transaction, the general counsel now directly owns 516,816 shares of the company’s stock, valued at $4,201,714.08. The trade was a 15.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.

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.