Key Points
- Director John Zupo sold 10,000 shares of Vita Coco on November 14 at an average price of $43.72 for $437,200, cutting his holding by 45.12% to 12,162 shares valued at about $531,723.
- Vita Coco posted a strong quarter (EPS $0.40 vs $0.32 est.; revenue $182.3M, +37.2% YoY), and analysts are generally positive — consensus rating "Moderate Buy" with an average price target of $49.63.
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Chairman Michael Kirban sold 5,102 shares of the firm's stock in a transaction on Friday, November 14th. The stock was sold at an average price of $44.00, for a total value of $224,488.00. Following the sale, the chairman directly owned 1,479,049 shares of the company's stock, valued at approximately $65,078,156. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Michael Kirban also recently made the following trade(s):
- On Thursday, October 30th, Michael Kirban sold 14,898 shares of Vita Coco stock. The shares were sold at an average price of $44.21, for a total value of $658,640.58.
- On Wednesday, October 29th, Michael Kirban sold 30,000 shares of Vita Coco stock. The stock was sold at an average price of $45.70, for a total value of $1,371,000.00.
- On Monday, September 22nd, Michael Kirban sold 20,000 shares of Vita Coco stock. The shares were sold at an average price of $41.53, for a total transaction of $830,600.00.
- On Wednesday, September 17th, Michael Kirban sold 30,000 shares of Vita Coco stock. The shares were sold at an average price of $41.72, for a total transaction of $1,251,600.00.
- On Thursday, September 11th, Michael Kirban sold 20,000 shares of Vita Coco stock. The shares were sold at an average price of $39.05, for a total transaction of $781,000.00.
- On Tuesday, September 9th, Michael Kirban sold 30,000 shares of Vita Coco stock. The shares were sold at an average price of $39.16, for a total transaction of $1,174,800.00.
Vita Coco Stock Performance
NASDAQ:COCO opened at $45.43 on Tuesday. Vita Coco Company, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $50.50. The company has a 50 day moving average price of $41.29 and a 200 day moving average price of $37.59. The stock has a market capitalization of $2.59 billion, a P/E ratio of 39.50, a PEG ratio of 2.74 and a beta of 0.39.
Vita Coco (NASDAQ:COCO - Get Free Report) last announced its earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.08. Vita Coco had a return on equity of 25.08% and a net margin of 11.35%.The company had revenue of $182.31 million for the quarter, compared to analyst estimates of $154.96 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The firm's quarterly revenue was up 37.2% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. Research analysts forecast that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.
Analyst Ratings Changes
COCO has been the subject of a number of research analyst reports. Evercore ISI raised their target price on Vita Coco from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Monday. Needham & Company LLC assumed coverage on shares of Vita Coco in a research note on Wednesday, September 24th. They issued a "hold" rating for the company. Wells Fargo & Company upped their target price on shares of Vita Coco from $47.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of Vita Coco from a "strong sell" rating to a "hold" rating in a report on Friday, November 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Vita Coco from $47.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.63.
Read Our Latest Stock Analysis on Vita Coco
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in COCO. Clearstead Advisors LLC grew its holdings in Vita Coco by 22,500.0% during the 3rd quarter. Clearstead Advisors LLC now owns 678 shares of the company's stock worth $29,000 after acquiring an additional 675 shares in the last quarter. Quarry LP lifted its position in shares of Vita Coco by 12,633.3% during the 3rd quarter. Quarry LP now owns 764 shares of the company's stock worth $32,000 after purchasing an additional 758 shares during the last quarter. MAI Capital Management acquired a new position in shares of Vita Coco during the second quarter worth $33,000. EverSource Wealth Advisors LLC increased its holdings in Vita Coco by 5,376.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock valued at $49,000 after buying an additional 1,344 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Vita Coco in the second quarter valued at $50,000. Hedge funds and other institutional investors own 88.49% of the company's stock.
Vita Coco Company Profile
(
Get Free Report)
The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.
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