Key Points
- Insider sale: Vita Coco insider Es Charles Van sold 8,045 shares on June 1 at an average price of $75.05, totaling about $603,777. The sale reduced his ownership by 11.98% and was made under a pre-arranged Rule 10b5-1 trading plan.
- Strong recent earnings: Vita Coco recently reported quarterly EPS of $0.50, beating expectations of $0.34, on revenue of $179.77 million versus the $148.39 million forecast. Revenue rose 37.4% year over year, and the company posted a 25.43% return on equity.
- Analyst sentiment remains positive: Several firms upgraded or reiterated bullish views, and MarketBeat says the stock carries a Moderate Buy rating with an average price target of $70.43. The shares were trading near $74.45, close to their 52-week high of $79.70.
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) insider Es Charles Van sold 8,045 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $75.05, for a total value of $603,777.25. Following the completion of the transaction, the insider owned 59,085 shares of the company's stock, valued at $4,434,329.25. The trade was a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 Friday, May 8th, Es Charles Van sold 8,561 shares of Vita Coco stock. The shares were sold at an average price of $70.00, for a total value of $599,270.00.
- On Friday, May 1st, Es Charles Van sold 2,000 shares of Vita Coco stock. The shares were sold at an average price of $66.87, for a total value of $133,740.00.
- On Wednesday, April 1st, Es Charles Van sold 2,000 shares of Vita Coco stock. The shares were sold at an average price of $48.67, for a total value of $97,340.00.
- 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 value of $115,960.00.
Vita Coco Trading Down 0.7%
Vita Coco stock opened at $74.45 on Wednesday. The firm has a market capitalization of $4.25 billion, a P/E ratio of 54.34, a PEG ratio of 1.80 and a beta of 0.74. The stock has a fifty day moving average price of $60.46 and a 200 day moving average price of $56.10. Vita Coco Company, Inc. has a 52 week low of $31.79 and a 52 week high of $79.70.
Vita Coco (NASDAQ:COCO - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.34 by $0.16. The firm had revenue of $179.77 million during the quarter, compared to analyst estimates of $148.39 million. Vita Coco had a return on equity of 25.43% and a net margin of 12.59%.The business's quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. As a group, equities analysts predict that Vita Coco Company, Inc. will post 1.76 EPS for the current year.
Institutional Investors Weigh In On Vita Coco
Large investors have recently modified their holdings of the stock. 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 grew its stake in shares of Vita Coco by 22,500.0% in the third quarter. Clearstead Advisors LLC now owns 678 shares of the company's stock valued at $29,000 after buying an additional 675 shares in the last quarter. Quarry LP grew its stake in shares of Vita Coco by 12,633.3% in the third quarter. Quarry LP now owns 764 shares of the company's stock valued at $32,000 after buying an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 valued at $49,000 after buying an additional 1,344 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Vita Coco by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company's stock valued at $60,000 after buying an additional 227 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.
Analyst Ratings Changes
COCO has been the subject of several research analyst reports. Zacks Research upgraded Vita Coco from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 30th. Evercore restated an "outperform" rating and set a $70.00 price target on shares of Vita Coco in a research note on Thursday, March 12th. Morgan Stanley set a $65.00 price target on Vita Coco in a research note on Thursday, April 30th. Jefferies Financial Group upped their price target on Vita Coco from $63.00 to $78.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded Vita Coco from a "sell" rating to a "buy" rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $70.43.
View Our Latest Analysis on COCO
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
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