In yesterday’s Wall Street session, Honest Company Inc (NASDAQ:HNST) shares traded at $6.01, up 25.21% from the previous session.
HNST stock price is now 55.73% away from the 50-day moving average and 71.85% away from the 200-day moving average. The market capitalization of the company currently stands at $601.49M.
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With the price target enhanced from $4 to $6, Telsey Advisory Group maintained Market Perform rating for Honest Company Inc (NASDAQ: HNST). On November 14, 2024, Alliance Global Partners reiterated its ‘Buy’ rating on the stock by increasing its target price from $5.75 to quote $8, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, THC Shared Abacus, LP, 10% Owner sold 2,300,000 shares of the company’s stock on Sep 18 ’24. The stock was sold for $8,050,000 at an average price of $3.50. Upon completion of the transaction, the 10% Owner now directly owns 9,869,803 shares in the company, valued at $59.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, EVP, Operations and R&D Winchell Stephen sold 6,938 shares of the business’s stock. A total of $29,695 was realized by selling the stock at an average price of $4.28. This leaves the insider owning 414,736 shares of the company worth $2.49 million. A total of 34.36% of the company’s stock is owned by insiders.
During the past 12 months, Honest Company Inc has had a low of $1.21 and a high of $5.04. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 2.89, and a quick ratio of 1.64. The fifty day moving average price for HNST is $3.8216 and a two-hundred day moving average price translates $3.481325 for the stock.
The latest earnings results from Honest Company Inc (NASDAQ: HNST) was released for 2024-09-30. The net profit margin was -3.37% and return on equity was -3.29% for HNST. The company reported revenue of $99.24 million for the quarter, compared to $86.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.17 percent.
