The latest "hnst stock price" closed at $1.44, marking a 2.1% uptick on Tuesday’s session, as buying momentum strengthens in the lifestyle consumer goods segment, driven by better-than-expected Q1 earnings. Analysts note that the rising trend in sustainable product demand could further support valuation multiples. Despite the more favorable entry price, we're cautious about The Honest Company. Here are three reasons why HNST doesn't excite us and a stock we'd rather own. Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Honest by 11,727.8% during the first quarter. GAMMA Investing LLC now owns 4,258 shares of the company's stock worth $200,000 after purchasing an additional 4,222 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Honest during the fourth quarter worth $110,000. Bailard Inc. acquired a new position in shares of Honest during the first quarter worth $78,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Honest by 57.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,757 shares of the company's stock worth $83,000 after purchasing an additional 6,513 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Honest during the first quarter worth $90,000. 45.54% of the stock is owned by institutional investors and hedge funds. Updates from management about expanding distribution channels have added speculative momentum to "hnst stock price", which could break historical quarterly highs if execution remains smooth.