Key Points
- Vita Coco CFO Corey Baker sold 2,000 shares on March 16 at an average price of $57.98 (about $115,960), after a separate 2,000‑share sale on March 13; he still holds 31,951 shares (≈$1.85M), a roughly 5.9% reduction in his stake.
- Vita Coco's latest quarter showed EPS of $0.09 (missing estimates) and revenue of $127.79M (beating estimates); the stock has a $3.32B market cap, trades near its 50‑day average (~$55.20), and carries a consensus analyst target of about $56.38 (moderate buy).
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CFO Corey Baker sold 2,000 shares of the company's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $57.98, for a total transaction of $115,960.00. Following the sale, the chief financial officer owned 31,951 shares in the company, valued at $1,852,518.98. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Corey Baker also recently made the following trade(s):
- On Friday, March 13th, Corey Baker sold 2,000 shares of Vita Coco stock. The stock was sold at an average price of $58.86, for a total value of $117,720.00.
Vita Coco Price Performance
Shares of NASDAQ COCO opened at $58.14 on Wednesday. Vita Coco Company, Inc. has a 1-year low of $25.79 and a 1-year high of $61.39. The business's 50 day moving average is $55.20 and its two-hundred day moving average is $48.91. The stock has a market capitalization of $3.32 billion, a P/E ratio of 49.27, a PEG ratio of 1.91 and a beta of 0.37.
Vita Coco (NASDAQ:COCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $127.79 million during the quarter, compared to the consensus estimate of $117.80 million. Vita Coco had a net margin of 11.70% and a return on equity of 23.19%. Vita Coco's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. As a group, equities research analysts anticipate that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have commented on COCO shares. Morgan Stanley lifted their price objective on shares of Vita Coco from $49.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Monday, February 23rd. Zacks Research downgraded shares of Vita Coco from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 16th. Wells Fargo & Company raised their target price on shares of Vita Coco from $50.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday, January 5th. Piper Sandler lifted their price target on shares of Vita Coco from $47.00 to $59.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 25th. Finally, Evercore reiterated an "outperform" rating and set a $70.00 price target on shares of Vita Coco in a report on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $56.38.
Check Out Our Latest Analysis on Vita Coco
Hedge Funds Weigh In On Vita Coco
Several hedge funds have recently bought and sold shares of COCO. Caitong International Asset Management Co. Ltd increased its stake in Vita Coco by 2,636.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company's stock worth $28,000 after purchasing an additional 501 shares during the period. Clearstead Advisors LLC lifted its position in shares of Vita Coco by 22,500.0% during the third quarter. Clearstead Advisors LLC now owns 678 shares of the company's stock worth $29,000 after purchasing an additional 675 shares during the last quarter. Quarry LP boosted its stake in shares of Vita Coco by 12,633.3% during the third quarter. Quarry LP now owns 764 shares of the company's stock valued at $32,000 after purchasing an additional 758 shares during the period. MAI Capital Management bought a new position in shares of Vita Coco in the second quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Vita Coco by 5,376.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock worth $49,000 after purchasing an additional 1,344 shares during the last quarter. Institutional investors own 88.49% of the company's stock.
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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