The Honest Company (NASDAQ:HNST) had its IPO in May 2021 at a price of $16.00 per share. The stock has been on a downtrend since then and this accelerated following the release of the 4Q2022 results. The stock closed at $1.63 on 23 March 2023, which is 10% of the IPO price.

The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022.

2012 Our founder, Jessica Alba, a globally recognized business leader, entrepreneur, advocate, actress and New York Times bestselling author, launched The Honest Company in 2012 as a digitally-native consumer products company dedicated to creating clean- and sustainably-designed products spanning baby care, beauty, personal ...

executives provided “false and misleading” statements ahead of the company's early May IPO, including the impact that a COVID-fueled stock-up on household items had on the business, and the fact that Honest was seeing a decelerating demand for diapers, wipes and household and wellness items.

Jessica Alba's Honest brand made its name by selling nontoxic, eco-friendly products to parents. Last week, the company agreed to pay $1.55 million to settle a nationwide class action lawsuit claiming it misled buyers about ingredients in its laundry detergent and dish soap.

History. Company co-founder Jessica Alba was inspired by the 2008 birth of her first child and her own history of childhood illnesses to create a company that provided an alternative to baby products with ingredients such as petrochemicals and synthetic fragrances. The company was launched in 2012 with 17 products.

With over 20 million followers on Instagram and other social networks, she has become a sought-after figure for brand promotions and sponsorships. Each sponsored post can earn her up to $550,000, and in the past 18 months alone, she's reportedly raked in around $16 million through these collaborations.

As we suspected, our examination of Honest Company's analyst forecasts revealed that its inferior revenue outlook is contributing to its low P/S. Shareholders' pessimism on the revenue prospects for the company seems to be the main contributor to the depressed P/S.

We care about all people and the planet. Since day one, it's been my goal to build a diverse, inclusive, and ethical company based on values of transparency, trust, sustainability and a deep sense of purpose in all we do.

The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022.

Honesty is still valued as a virtue by people to this day. Honesty is the quality of being truthful and sincere. Every person wants to be around someone who is honest.

According to Celebrity Net Worth, Jami Gertz is technically the richest actress in the world right now (September 2023) with a net worth of $8billion. Gertz is best known for her early career in the 1980s, starring in films Crossroads, The Lost Boys, Less Than Zero and TV series Square Pegs.