What is Northland Capmk’s Forecast for Honest Q1 Earnings?

The Honest Company, Inc. (NASDAQ:HNST) – Investment analysts at Northland Capmk boosted their Q1 2025 earnings per share (EPS) estimates for shares of Honest in a research report issued on Wednesday, November 13th. Northland Capmk analyst O. Rickert now anticipates that the company will post earnings of $0.00 per share for the quarter, up from their prior forecast of ($0.01). Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Honest’s current full-year earnings is ($0.10) per share. Northland Capmk also issued estimates for Honest’s Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.01 EPS and Q4 2025 earnings at $0.01 EPS.

Other equities research analysts have also issued reports about the company. Telsey Advisory Group lifted their price objective on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a research report on Wednesday. B. Riley lifted their price objective on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday. Northland Securities lifted their price objective on Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Alliance Global Partners upped their price target on Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.93.

Honest Stock Up 8.2 %

Shares of Honest stock opened at $6.50 on Friday. The business’s 50 day simple moving average is $3.91 and its two-hundred day simple moving average is $3.49. Honest has a one year low of $1.40 and a one year high of $6.77.

Insider Transactions at Honest

In other news, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $3.50, for a total value of $8,050,000.00. Following the sale, the insider now directly owns 9,869,803 shares of the company’s stock, valued at approximately $34,544,310.50. This represents a 18.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Brendan Sheehey sold 8,176 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $4.28, for a total value of $34,993.28. Following the transaction, the general counsel now directly owns 517,861 shares in the company, valued at approximately $2,216,445.08. The trade was a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,461,187 shares of company stock valued at $8,739,880. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Honest by 6.4% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock valued at $11,295,000 after purchasing an additional 191,547 shares in the last quarter. Walleye Capital LLC bought a new position in Honest in the third quarter valued at about $260,000. PEAK6 Investments LLC bought a new position in Honest in the third quarter valued at about $191,000. MetLife Investment Management LLC lifted its holdings in Honest by 74.8% in the third quarter. MetLife Investment Management LLC now owns 37,235 shares of the company’s stock valued at $133,000 after acquiring an additional 15,930 shares during the period. Finally, FMR LLC lifted its holdings in Honest by 12.8% in the third quarter. FMR LLC now owns 219,742 shares of the company’s stock valued at $784,000 after acquiring an additional 24,900 shares during the period. 45.54% of the stock is owned by institutional investors.

About Honest

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.