Key Points
- Director Kenneth Sadowsky sold 3,900 shares of Vita Coco on Jan. 21 at an average price of $53.92 for roughly $210,288, leaving him with 608,266 shares (a 0.64% ownership decrease); he made identical 3,900-share sales in December and November, signaling repeated insider selling.
- Vita Coco posted a strong quarter, beating EPS ($0.40 vs. $0.32) and revenue estimates ($182.3M, +37.2% YoY); the company has a market cap of about $2.98B and an average analyst rating of "Moderate Buy" with a $53.50 consensus price target.
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Kenneth Sadowsky sold 3,900 shares of the company's stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $53.92, for a total value of $210,288.00. Following the completion of the sale, the director owned 608,266 shares in the company, valued at $32,797,702.72. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kenneth Sadowsky also recently made the following trade(s):
- On Wednesday, December 17th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The shares were sold at an average price of $51.62, for a total value of $201,318.00.
- On Wednesday, November 19th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $47.12, for a total transaction of $183,768.00.
Vita Coco Stock Performance
NASDAQ COCO opened at $52.30 on Friday. The company's 50 day moving average price is $52.85 and its 200 day moving average price is $43.59. Vita Coco Company, Inc. has a one year low of $25.79 and a one year high of $56.46. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 45.48, a PEG ratio of 1.48 and a beta of 0.38.
Vita Coco (NASDAQ:COCO - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $182.31 million for the quarter, compared to analyst estimates of $154.96 million. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The business's quarterly revenue was up 37.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. Sell-side analysts forecast that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.
Institutional Trading of Vita Coco
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ascent Group LLC lifted its stake in shares of Vita Coco by 12.1% in the fourth quarter. Ascent Group LLC now owns 7,262 shares of the company's stock worth $385,000 after acquiring an additional 781 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Vita Coco by 41.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,004 shares of the company's stock valued at $636,000 after purchasing an additional 3,532 shares during the period. CoreCap Advisors LLC bought a new stake in shares of Vita Coco during the fourth quarter worth about $371,000. SG Americas Securities LLC raised its stake in shares of Vita Coco by 94.4% in the fourth quarter. SG Americas Securities LLC now owns 23,940 shares of the company's stock worth $1,269,000 after purchasing an additional 11,627 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Vita Coco by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company's stock valued at $60,000 after buying an additional 227 shares during the last quarter. Institutional investors own 88.49% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Piper Sandler lifted their price target on Vita Coco from $47.00 to $59.00 and gave the company an "overweight" rating in a report on Tuesday, November 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Vita Coco in a report on Monday, December 29th. Bank of America raised Vita Coco from a "neutral" rating to a "buy" rating and upped their target price for the company from $48.00 to $54.00 in a report on Monday, November 17th. Morgan Stanley lifted their price objective on shares of Vita Coco from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Monday, November 17th. Finally, Wall Street Zen upgraded shares of Vita Coco from a "hold" rating to a "buy" rating in a report on Saturday, December 20th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $53.50.
View Our Latest Research Report on COCO
About Vita Coco
(
Get Free Report)
Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.
The company's flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.
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