In the last trading session, 2.02 million Honest Company Inc (NASDAQ:HNST) shares changed hands as the company’s beta touched 2.42. With the company’s per share price at $4.83 changed hands at $0.04 or 0.84% during last session, the market valuation stood at $532.41M. HNST’s last price was a discount, traded about -85.71% off its 52-week high of $8.97. The share price had its 52-week low at $2.40, which suggests the last value was 50.31% up since then. When we look at Honest Company Inc’s average trading volume, we note the 10-day average is 1.79 million shares, with the 3-month average coming to 2.56 million.
Analysts gave the Honest Company Inc (HNST) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.57. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended HNST as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Honest Company Inc’s EPS for the current quarter is expected to be 0.02.
Honest Company Inc (NASDAQ:HNST) trade information
Instantly HNST was in green as seen at the end of in last trading. With action 7.81%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -30.30%, with the 5-day performance at 7.81% in the green. However, in the 30-day time frame, Honest Company Inc (NASDAQ:HNST) is 1.90% up. Looking at the short shares, we see there were 4.91 million shares sold at short interest cover period of 1.97 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 31.0% from its current market value. According to analyst projections, HNST’s forecast low is 7 with 7 as the target high. To hit the forecast high, the stock’s price needs a -44.93% plunge from its current level, while the stock would need to soar -44.93% for it to hit the projected low.
Honest Company Inc (HNST) estimates and forecasts
Year-over-year growth is forecast to reach 5.14% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 92.46M. 6 analysts are of the opinion that Honest Company Inc’s revenue for the current quarter will be 97.78M. The company’s revenue for the corresponding quarters a year ago was 86.22M and 93.05M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.25%. The estimates for the next quarter sales put growth at 5.09%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 29.25%. The 2025 estimates are for Honest Company Inc earnings to increase by 248.06%.
HNST Dividends
Honest Company Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
Honest Company Inc (NASDAQ:HNST)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.94% of Honest Company Inc shares while 62.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.27%. There are 62.92% institutions holding the Honest Company Inc stock share, with CATTERTON MANAGEMENT COMPANY, L.L.C. the top institutional holder. As of 2024-06-30, the company held 12.2829% of the shares, roughly 12.17 million HNST shares worth $35.54 million.
PORTOLAN CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 8.1807% or 8.11 million shares worth $23.67 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Meridian Fund Inc-MERIDIAN CONTRARIAN FUND . With 2.89 shares estimated at $13.94 million under it, the former controlled 2.62% of total outstanding shares. On the other hand, Meridian Fund Inc-MERIDIAN CONTRARIAN FUND held about 2.31% of the shares, roughly 2.55 shares worth around $12.31 million.
