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Brendan Sheehey, General Counsel of The Honest Company, Inc. (NASDAQ:HNST), sells 4,351 shares.

Originally published on Best Stocks

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Recently, Brendan Sheehey, General Counsel of The Honest Company, Inc. (NASDAQ: HNST), sold 4,351 shares. The transaction took place earlier this month. October 3rd was the day that this transaction took place. Because each share was sold for an average of $3.48, the total sales volume came to 15,141.48 dollars. The price at which the shares were sold was $3.48. As a result of the sale being finalized, the general counsel now directly owns 272,900 shares of the company, which gives him a total value of $949,692. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. Deposit $100 and get a $110 to trade stocks
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Recent business dealings that Brendan Sheehey has completed include the following:
The cost of purchasing one share of Honest was increased by $0.17 during trading on Tuesday, bringing the current price to $3.65. The total number of shares that changed hands was 724,792, significantly less than the average daily volume of the stock, which is 1,676,072 shares. The company’s market value is currently estimated to be $337.32 million. It has a price-to-earnings ratio of -8.49 and a beta value of 0.50. The Honest Company, Inc.’s current price is $10.41, which is higher than the 12-month low of $2.54 but still lower than the 12-month high of $12.54. The company’s moving average price over the previous 50 days is $3.74, and the moving average price over the previous 200 days is $3.77.

The most recent quarterly profits for the company were announced on August 12th by Honest (NASDAQ: HNST), which can be found here. The company announced a loss for the period of $0.11 per share, which was $0.03 less than the consensus estimate of $0.08 per share. The company announced that it had sales of $78.5 million for the quarter, which is significantly higher than the consensus estimate of $75.74 million. The company’s return on equity and net margin were in the red for Honest. The net margin was down 12.51%, and the return on equity was down 22.07%. When compared to the same period in the previous year, Honest’s quarterly revenue saw an increase of 5.2%. The company incurred a $0.17 per share during the same period the year before. Analysts of the stock market think that The Honest Company, Inc.’s earnings for the current fiscal year will be somewhere between -0.37 cents per share and -0.38 cents per share.

Important shareholders have just recently made adjustments to their existing stock holdings. During the final three months of 2018, Rise Advisors LLC made a new investment in Honest estimated to be worth somewhere in the neighborhood of $27,000. By the end of the second quarter, Commonwealth Equity Services LLC had increased its holdings in Honest by purchasing a new position. This brought the total interest the company had in the company to approximately $29,000. Nisa Investment Advisors LLC made fresh investment in Honest during the year’s first three months. This investment was somewhere in the neighborhood of $36,000 in total. The Arizona State Retirement System added a new position in Honest during the second quarter of the fiscal year, and the annual salary for this position was close to $43,000. Finally, during the second quarter, LPL Financial LLC made a fresh investment in Honest stock, valued at $60,000 according to current market projections. Currently, 43.79% of the company’s shares are held in ownership by hedge funds and other institutional investors.

In recent weeks, various analysts from the relevant industry have expressed their thoughts on the company. In a research note issued on June 9th, Loop Capital lowered its target price for Honest from $5.00 to $3.00. In addition, it downgraded the company from a “buy” recommendation to a “hold” recommendation in a research note. The research note was issued after Loop Capital lowered its target price for Honest from $5.00 to $3.00. In a report made public on Monday, August 15th, Honest went from a “outperform” rating to a “market perform” rating and decreased its target price from $12.00 to $8.00 in a report that was made public on Monday, August 15th. A total of eight different recommendations have been made regarding the stock by research analysts. These recommendations include four hold ratings, one buy rating; one sell recommendation; and five hold ratings. According to data gathered by Bloomberg, the majority opinion among financial experts about Honest is “Hold,” and the average price target for the company is expected to be $6.79 shortly.

The Honest Company, Inc. is responsible for developing and selling various products, but these are just some of the products they are responsible for. In addition, the business is in the business of selling products for infants, such as clothing and furniture for nurseries. Additionally, it sells its wares through various online and retail sales channels, including its website, and other e-commerce sites that third parties manage. In addition, it sells its wares through the more conventional forms of retail, such as brick-and-mortar stores.

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