Honest Company Inc (NASDAQ: HNST) is 45.45% higher on its value in year-to-date trading and has touched a low of $1.21 and a high of $4.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HNST stock was last observed hovering at around $4.86 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $4.80, the stock is 21.41% and 25.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.05 million and changing -1.23% at the moment leaves the stock 37.88% off its SMA200. HNST registered 224.32% gain for a year compared to 6-month gain of 56.86%. The firm has a 50-day simple moving average (SMA 50) of $3.8116 and a 200-day simple moving average (SMA200) of $3.471825.
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The stock witnessed a 29.03% loss in the last 1 month and extending the period to 3 months gives it a 23.08%, and is 20.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.99% over the week and 5.15% over the month.
Honest Company Inc (HNST) has around 176 employees, a market worth around $480.40M and $355.58M in sales. Fwd P/E is 177.65. Profit margin for the company is -3.50%. Distance from 52-week low is 296.69% and -1.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.45%).
with sales reaching $92.68M over the same period.The EPS is expected to grow by 77.24% this year, but quarterly earnings will post 7.00% year-over-year. Quarterly sales are estimated to grow 7.60% in year-over-year returns.
Honest Company Inc (HNST) Top Institutional Holders
172.0 institutions hold shares in Honest Company Inc (HNST), with institutional investors hold 75.03% of the company’s shares. The shares outstanding are 95.87M, and float is at 65.69M with Short Float at 3.04%. Institutions hold 64.71% of the Float.
The top institutional shareholder in the company is CATTERTON MANAGEMENT COMPANY, L.L.C. with over 12.17 million shares valued at $35.54 million. The investor’s holdings represent 12.6409% of the HNST Shares outstanding. As of 2024-06-30, the second largest holder is PORTOLAN CAPITAL MANAGEMENT, LLC with 8.11 million shares valued at $23.67 million to account for 8.4191 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.98 million shares representing 5.17% and valued at over $14.53 million, while VANGUARD GROUP INC holds 3.6778 of the shares totaling 3.54 million with a market value of $10.34 million.
Honest Company Inc (HNST) Insider Activity
The most recent transaction is an insider sale by THC Shared Abacus, LP, the company’s 10% Owner. SEC filings show that THC Shared Abacus, LP sold 2,300,000 shares of the company’s common stock on Sep 18 ’24 at a price of $3.50 per share for a total of $8.05 million. Following the sale, the insider now owns 9.87 million shares.
Honest Company Inc disclosed in a document filed with the SEC on Aug 21 ’24 that Winchell Stephen (EVP, Operations and R&D) sold a total of 6,938 shares of the company’s common stock. The trade occurred on Aug 21 ’24 and was made at $4.28 per share for $29695.0. Following the transaction, the insider now directly holds 0.41 million shares of the HNST stock.
Still, SEC filings show that on Aug 21 ’24, Loretta David (Chief Financial Officer) disposed off 75,656 shares at an average price of $4.28 for $0.32 million. The insider now directly holds 987,757 shares of Honest Company Inc (HNST).
