Streetbeat News

HNST

The Honest Company, Inc.

https://www.honest.com

Industry

Specialty Retail

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. The company was incorporated in 2012 and is headquartered in Los Angeles, California.

Open

4.25

Mkt cap

439M

Volume

2.2M

High

4.42

P/E Ratio

-31.36

52-wk high

4.89

Low

4.16

Div yield

N/A

52-wk low

1.21

Honest Co (NYSE:HNST) has seen a significant rise in its short interest, with a 129.45% increase since the last report. The company now has 3.03 million shares sold short, representing 3.74% of its float. This increase in short interest could indicate bearish sentiment among investors, although it is lower than the peer group average of 6.40%.

Portfolio Pulse from Benzinga Insights

August 08, 2024 | 6:45 pm

Northland Capital Markets has initiated coverage on Honest Co (NASDAQ:HNST) with an Outperform rating and a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:48 pm

Ryanair, CrowdStrike, and other major stocks experienced declines in Monday's pre-market session. Ryanair's Q1 results showed a 46% drop in profits, leading to an 11.6% fall in its stock price. Other notable declines include Redwire, Clear Channel Outdoor, Honest Company, iQIYI, CrowdStrike, Verizon, and NANO Nuclear Energy.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 12:13 pm

ASLAN Pharmaceuticals shares dropped over 38% after announcing the voluntary liquidation of its sole operating subsidiary. Other notable stock movements include Aptevo Therapeutics climbing 84% following a $2.75 million offering, and Shimmick Corporation rising 49% after securing a $27.6 million subcontract. Cassava Sciences fell nearly 30% due to executive leadership changes.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 5:28 pm

U.S. Bancorp posted strong Q2 earnings, leading to a 4.7% rise in its stock price. Other notable gainers include Aehr Test Systems, The Honest Company, GLOBALFOUNDRIES, Stardust Power, Bloom Energy, fuboTV, GitLab, SunCar Technology, V.F. Corporation, Nicolet Bankshares, Cal-Maine Foods, UTime Limited, Hancock Whitney, and Bristol-Myers Squibb.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 2:37 pm

Loop Capital has upgraded Honest Co (NASDAQ:HNST) from Hold to Buy, maintaining the price target at $3.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:06 pm

Telsey Advisory Group analyst Dana Telsey maintains a Market Perform rating on Honest Co (HNST) and keeps the price target at $4.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:14 pm

The Honest Company (HNST) has reaffirmed its FY24 financial outlook, projecting low-to-mid single digit percentage revenue growth and positive adjusted EBITDA in the low-to-mid single digit millions. The company also remains optimistic about its long-term strategy, expecting 4%-6% annual revenue growth and continued adjusted EBITDA margin expansion beyond 2024.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:25 pm

Honest Co (NASDAQ:HNST) reported Q1 2024 earnings with a GAAP EPS of $(0.01), surpassing the $(0.07) estimate, and sales of $86.217M, beating the $83.283M estimate. This represents a significant improvement over the previous year's losses and sales figures.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:15 pm

Loop Capital analyst Laura Champine maintains a Hold rating on Honest Co (NASDAQ:HNST) and lowers the price target from $5 to $3.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:43 pm

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