Key Points
- CEO Martin Roper sold 25,000 shares on April 14 at an average price of $50 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 7.73% to 298,484 shares; he sold roughly 79,456 shares across April 8–14 for about $4.0M.
- Vita Coco shares were down 2.9% (opened at $48.33) with a market cap of $2.76B; the company recently reported an EPS miss ($0.09 vs. $0.13 expected) while beating revenue and showing just 0.4% year‑over‑year revenue growth.
- Analyst views are mixed but consensus sits at a Moderate Buy with an average price target of $59.43.
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Kenneth Sadowsky sold 3,900 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $48.93, for a total value of $190,827.00. Following the transaction, the director owned 586,566 shares of the company's stock, valued at approximately $28,700,674.38. This represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kenneth Sadowsky also recently made the following trade(s):
- On Wednesday, March 18th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $56.92, for a total value of $221,988.00.
- On Wednesday, January 21st, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $53.92, for a total value of $210,288.00.
Vita Coco Trading Down 2.9%
NASDAQ COCO opened at $48.33 on Friday. The stock has a market cap of $2.76 billion, a PE ratio of 40.96, a P/E/G ratio of 1.57 and a beta of 0.47. Vita Coco Company, Inc. has a twelve month low of $29.74 and a twelve month high of $61.39. The stock has a fifty day simple moving average of $53.46 and a 200-day simple moving average of $50.51.
Vita Coco (NASDAQ:COCO - Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The business 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%.The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. Research analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Vita Coco from $49.00 to $57.00 and gave the company an "equal weight" rating in a report on Monday, February 23rd. Wells Fargo & Company dropped their target price on Vita Coco from $63.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, April 8th. Evercore reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Vita Coco in a research report on Thursday, March 12th. Wall Street Zen downgraded Vita Coco from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Vita Coco in a research report on Friday, March 27th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.43.
Check Out Our Latest Stock Report on Vita Coco
Hedge Funds Weigh In On Vita Coco
Several institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in shares of Vita Coco by 10.3% in the 3rd quarter. New York State Common Retirement Fund now owns 511,031 shares of the company's stock valued at $21,703,000 after buying an additional 47,632 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Vita Coco in the 3rd quarter valued at about $45,135,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Vita Coco in the 3rd quarter valued at about $2,230,000. Harbor Capital Advisors Inc. purchased a new position in shares of Vita Coco in the 3rd quarter valued at about $821,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Vita Coco in the 3rd quarter valued at about $62,815,000. 88.49% of the stock is 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.
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