38,100 Shares in The Honest Company, Inc. (NASDAQ:HNST) Acquired by Versor Investments LP

Versor Investments LP bought a new stake in The Honest Company, Inc. (NASDAQ:HNST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,100 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HNST. Los Angeles Capital Management LLC bought a new position in shares of Honest in the 4th quarter valued at $819,000. Bank of New York Mellon Corp raised its position in Honest by 45.2% in the fourth quarter. Bank of New York Mellon Corp now owns 377,724 shares of the company’s stock valued at $2,618,000 after purchasing an additional 117,612 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Honest during the fourth quarter valued at about $409,000. Olympiad Research LP acquired a new stake in shares of Honest during the fourth quarter valued at about $168,000. Finally, Hussman Strategic Advisors Inc. bought a new stake in shares of Honest during the fourth quarter worth about $1,019,000. Institutional investors own 45.54% of the company’s stock.

Honest Stock Down 5.4 %

HNST stock opened at $5.11 on Tuesday. The company’s fifty day simple moving average is $6.24 and its 200 day simple moving average is $5.48. The Honest Company, Inc. has a 12-month low of $2.40 and a 12-month high of $8.97. The firm has a market cap of $556.53 million, a price-to-earnings ratio of -127.75 and a beta of 2.43.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HNST. Loop Capital lowered shares of Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective for the company. in a report on Tuesday, December 17th. Alliance Global Partners lifted their price target on shares of Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Northland Securities boosted their price objective on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 target price on shares of Honest in a research report on Thursday, February 27th. Finally, B. Riley upped their price target on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honest presently has a consensus rating of “Moderate Buy” and an average price target of $6.93.

Insider Buying and Selling at Honest

In other news, Director Jessica Warren sold 465,000 shares of Honest 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 completion of the sale, the director now owns 1,170,058 shares in the company, valued at $8,833,937.90. The trade was a 28.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.60% of the company’s stock.

Honest 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.