The Potential Rise in the Price of The Honest Company Inc. Common Stock (HNST) following insiders activity


The Honest Company Inc. Common Stock’s recently made public that its Chief People Officer Hoyt Janis unloaded Company’s shares for reported $4188.0 on Nov 01. In the deal valued at $3.35 per share,1,250 shares were sold. As a result of this transaction, Hoyt Janis now holds 340,098 shares worth roughly $ 1.14 million.

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Then, Kennedy Kelly J. sold 1,227 shares, generating $4,000 in total proceeds. Upon selling the shares at $3.26, the EVP and CFO now owns 618,193 shares.

Before that, Hoyt Janis sold 9,948 shares. The Honest Company Inc. Common Stock shares valued at $34,619 were divested by the Chief People Officer at a price of $3.48 per share. As a result of the transaction, Hoyt Janis now holds 341,348 shares, worth roughly $1.14 million.

Loop Capital downgraded its The Honest Company Inc. Common Stock [HNST] rating to a Hold from a a Buy in a research note published on Monday, June 09, 2022; the price target was decreased to $3 from $5. PT values the company’s stock at a premium of -11.67 to its Monday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late March from “a Neutral” to “an Underperform”. Jefferies also remained covering HNST and has decreased its forecast on March 25, 2022 with a “Hold” recommendation from previously “Buy” rating. Guggenheim revised its rating on March 25, 2022. It rated HNST as “a Neutral” which previously was an “a Buy”.

Price Performance Review of HNST

On Monday, The Honest Company Inc. Common Stock [NASDAQ:HNST] saw its stock jump 5.35% to $3.35. On the same session, the stock had its day’s lowest price of $3.17, but rose to a high of $3.39. Over the last five days, the stock has gained 1.21%. The Honest Company Inc. Common Stock shares have fallen nearly -58.59% since the year began. Nevertheless, the stocks have fallen -62.94% over the past one year. While a 52-week high of $10.41 was reached on 01/03/22, a 52-week low of $2.54 was recorded on 06/16/22. SMA at 50 days reached $3.56, while 200 days put it at $4.10. A total of 0.86 million shares were traded, compared to the trading of 0.66 million shares in the previous session.

Levels Of Support And Resistance For HNST Stock

The 24-hour chart illustrates a support level at 3.22, which if violated will result in even more drops to 3.08. On the upside, there is a resistance level at 3.44. A further resistance level may holdings at 3.52. The Relative Strength Index (RSI) on the 14-day chart is 49.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.35%. Stochastics %K at 48.51% indicates the stock is a holding.

How much short interest is there in The Honest Company Inc. Common Stock?

A steep rise in short interest was recorded in The Honest Company Inc. Common Stock stocks on Jul 14, 2022, dropping by -0.83 million shares to a total of 4.23 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.06 million shares. There was a decline of -19.62%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.50% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.9.

The Honest Company Inc. Common Stock [HNST] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,948,842 shares, or roughly 4.27% of the outstanding HNST shares. In other words, the investor’s shares have fallen by -71,681 from its previous 13-F filing of 4020523.0. Additionally, The Vanguard Group, Inc. decreased -30.26% of its stake after which the total value it holdings stand at $10,611,682, while Columbia Management Investment Ad added 56.96% of its stake to hold $7.44 million in the firm. Over the last quarter, Renaissance Technologies LLC purchased 1,397,880 shares of The Honest Company Inc. Common Stock, while Norges Bank Investment Management bought 1,270,319 shares. At present, Marshall Wace LLP is holding 1,664,147 shares valued at $5.82 million. Two Sigma Investments LP owned 1,326,059 shares of the company at the time of its most recent 13F filing, worth $4.64 million.

According to FactSet, The Honest Company Inc. Common Stock’s share price will average $4.42 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.92 percent from its previous closing price of $3.18. Analysts expect The Honest Company Inc. Common Stock stock to reach the higher price of $8.00, while the lowest price estimate is $3.00. However, 7 analysts have rated HNST stock as an Overweight in their predictions for 2022.


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