EAM Investors LLC Acquires Shares of 171,229 The Honest Company, Inc. (NASDAQ:HNST)

EAM Investors LLC bought a new position in The Honest Company, Inc. (NASDAQ:HNST) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 171,229 shares of the company’s stock, valued at approximately $1,187,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Honest by 25.7% during the fourth quarter. Vanguard Group Inc. now owns 5,147,369 shares of the company’s stock worth $35,671,000 after buying an additional 1,052,305 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Honest by 20.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,372,200 shares of the company’s stock worth $16,439,000 after acquiring an additional 398,603 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Honest by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,826,160 shares of the company’s stock worth $12,658,000 after acquiring an additional 14,539 shares during the period. Victory Capital Management Inc. boosted its position in shares of Honest by 869.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,546,391 shares of the company’s stock valued at $10,716,000 after acquiring an additional 1,386,961 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Honest by 56.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,209,529 shares of the company’s stock valued at $8,382,000 after purchasing an additional 435,723 shares during the period. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Honest

In other news, SVP Jonathan Mayle sold 37,481 shares of Honest stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total value of $182,532.47. Following the completion of the sale, the senior vice president now directly owns 307,740 shares of the company’s stock, valued at approximately $1,498,693.80. The trade was a 10.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Winchell sold 20,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total value of $99,600.00. Following the transaction, the insider now directly owns 431,844 shares in the company, valued at approximately $2,150,583.12. The trade was a 4.43 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 target price on shares of Honest in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honest currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Honest Trading Down 0.7 %

Shares of NASDAQ:HNST opened at $4.42 on Thursday. The company has a market capitalization of $481.38 million, a price-to-earnings ratio of -110.50 and a beta of 2.44. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97. The business has a 50-day moving average price of $5.11 and a 200 day moving average price of $5.61.

Honest (NASDAQ:HNST) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, beating 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, equities research analysts predict that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

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.