Hussman Strategic Advisors Inc. Acquires Shares of 147,000 The Honest Company, Inc. (NASDAQ:HNST)

Hussman Strategic Advisors Inc. acquired a new stake in The Honest Company, Inc. (NASDAQ:HNST) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 147,000 shares of the company’s stock, valued at approximately $1,019,000. Hussman Strategic Advisors Inc. owned about 0.15% of Honest as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of HNST. Zacks Investment Management acquired a new stake in shares of Honest in the 3rd quarter valued at $37,000. Creative Planning acquired a new stake in shares of Honest in the 3rd quarter valued at $39,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Honest in the 3rd quarter valued at $40,000. New York State Teachers Retirement System acquired a new stake in shares of Honest in the 4th quarter valued at $52,000. Finally, US Bancorp DE acquired a new stake in shares of Honest in the 3rd quarter valued at $78,000. Institutional investors own 45.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. B. Riley lifted their target price on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Alliance Global Partners lifted their target price on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Loop Capital cut Honest from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research note on Tuesday, December 17th. Northland Securities lifted their price objective on Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price objective on shares of Honest in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6.93.

Insider Buying and Selling at Honest

In other Honest news, General Counsel Brendan Sheehey sold 92,138 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $8.13, for a total value of $749,081.94. Following the completion of the transaction, the general counsel now directly owns 516,816 shares of the company’s stock, valued at approximately $4,201,714.08. The trade was a 15.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jessica Warren sold 465,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 1,170,058 shares of the company’s stock, valued at approximately $8,833,937.90. The trade was a 28.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Honest Stock Down 2.6 %

Shares of Honest stock opened at $6.03 on Friday. The Honest Company, Inc. has a 12 month low of $2.40 and a 12 month high of $8.97. The business has a fifty day simple moving average of $6.44 and a 200 day simple moving average of $5.36. The stock has a market cap of $608.79 million, a PE ratio of -150.75 and a beta of 2.43.

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.