Key Points
- Insider sale: Es Charles Van sold 2,000 shares of Vita Coco on April 1 at an average price of $48.67 for a total of $97,340, a transaction executed under a pre-arranged Rule 10b5-1 plan that reduced his stake by 2.51% to 77,691 shares.
- This sale follows a prior sale on March 16 of 2,000 shares at $57.98, indicating a pattern of recent, planned dispositions by the insider.
- Company and market context: Vita Coco missed EPS ($0.09 vs. $0.13) but beat revenue ($127.79M vs. $117.80M); the stock trades in a 12‑month range of $25.79–$61.39, has a ~$2.75B market cap, and carries a consensus Moderate Buy rating with an average price target of $59.86.
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) insider Es Charles Van sold 2,000 shares of Vita Coco stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $48.67, for a total value of $97,340.00. Following the transaction, the insider owned 77,691 shares in the company, valued at approximately $3,781,220.97. This represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Es Charles Van also recently made the following trade(s):
- On Monday, March 16th, Es Charles Van sold 2,000 shares of Vita Coco stock. The shares were sold at an average price of $57.98, for a total transaction of $115,960.00.
Vita Coco Trading Down 0.7%
Vita Coco stock opened at $48.24 on Friday. Vita Coco Company, Inc. has a 12-month low of $25.79 and a 12-month high of $61.39. The stock has a market cap of $2.75 billion, a P/E ratio of 40.88, a PEG ratio of 1.53 and a beta of 0.47. The company has a 50-day moving average price of $54.60 and a 200 day moving average price of $49.89.
Vita Coco (NASDAQ:COCO - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The firm had revenue of $127.79 million for the quarter, compared to analysts' expectations of $117.80 million. Vita Coco had a return on equity of 23.19% and a net margin of 11.70%.Vita Coco's revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. As a group, analysts forecast that Vita Coco Company, Inc. will post 1.07 EPS for the current year.
Analyst Ratings Changes
COCO has been the topic of a number of recent analyst reports. Evercore reiterated an "outperform" rating and issued a $70.00 price objective on shares of Vita Coco in a report on Thursday, March 12th. Zacks Research cut Vita Coco from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 16th. Weiss Ratings restated a "buy (b-)" rating on shares of Vita Coco in a research report on Friday, March 27th. Wall Street Zen raised Vita Coco from a "sell" rating to a "hold" rating in a research note on Saturday, March 21st. Finally, Morgan Stanley raised their price objective on Vita Coco from $49.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and three have issued 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 $59.86.
Get Our Latest Analysis on Vita Coco
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in COCO. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 valued at $28,000 after buying an additional 501 shares in the last quarter. Clearstead Advisors LLC boosted 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 valued at $29,000 after acquiring an additional 675 shares during the period. Quarry LP grew its position in Vita Coco by 12,633.3% in the 3rd quarter. Quarry LP now owns 764 shares of the company's stock valued at $32,000 after acquiring an additional 758 shares in the last quarter. GAMMA Investing LLC grew 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 acquiring an additional 227 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in Vita Coco during the third quarter worth about $54,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.
Vita Coco Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
