Honest (NASDAQ:HNST) Earns Market Perform Rating from Telsey Advisory Group

Honest (NASDAQ:HNST)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They currently have a $7.00 target price on the stock. Telsey Advisory Group’s target price points to a potential upside of 29.63% from the stock’s current price. Telsey Advisory Group also issued estimates for Honest’s Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.01 EPS and FY2026 earnings at $0.05 EPS.

Several other equities research analysts also recently weighed in on the company. Loop Capital downgraded Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a report on Tuesday, December 17th. Alliance Global Partners increased their target price on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. B. Riley boosted their price target on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Northland Securities upped their price objective on Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Three research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.93.

Honest Stock Up 7.8 %

Honest stock opened at $5.40 on Thursday. The stock has a market cap of $545.19 million, a PE ratio of -135.00 and a beta of 2.43. Honest has a 12-month low of $2.40 and a 12-month high of $8.97. The business’s 50-day moving average price is $6.27 and its two-hundred day moving average price is $5.45.

Honest (NASDAQ:HNST) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. The business had revenue of $99.84 million during the quarter, compared to analysts’ expectations of $96.46 million. As a group, analysts expect that Honest will post -0.07 earnings per share for the current year.

Insider Transactions at Honest

In related news, Director Jessica Warren sold 465,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $7.55, for a total value of $3,510,750.00. Following the sale, the director now directly owns 1,170,058 shares in the company, valued at $8,833,937.90. This represents a 28.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ieq Capital LLC raised its stake in Honest by 61.3% during the fourth quarter. Ieq Capital LLC now owns 130,651 shares of the company’s stock worth $905,000 after buying an additional 49,673 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Honest by 216.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company’s stock worth $1,947,000 after acquiring an additional 372,749 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Honest in the 3rd quarter valued at about $260,000. Harbor Capital Advisors Inc. boosted its position in shares of Honest by 122.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 219,697 shares of the company’s stock valued at $784,000 after purchasing an additional 120,937 shares in the last quarter. Finally, Mainstream Capital Management LLC acquired a new stake in Honest during the third quarter worth approximately $843,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

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.