Law Offices of Howard G. Smith announces an investigation on behalf of The Honest Company, Inc. (“Honest” or the “Company”) (NASDAQ: HNST) investors concerning the Company’s possible violations of federal securities laws.
On or about May 5, 2021, Honest sold approximately 25.8 million shares of stock in its initial public stock offering (the "IPO") at $16.00 per share.
On August 13, 2021, Honest announced its second quarter 2021 financial results, reporting a net loss of $20.2 million compared to a loss of $375,000 for the same period in the prior year.
On this news, the Company's stock price fell $3.98 per share, or 28.33%, to close at $10.07 per share on August 13, 2021, thereby inuring investors.
If you purchased Honest securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210818005694/en/
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of The Honest Company, Inc. (HNST) on Behalf of Investors
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
