Vita Coco (NASDAQ:COCO) Insider Sells 20,000 Shares

Vita Coco Company, Inc. (NASDAQ:COCO) insider Es Charles Van sold 20,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $50.00, for a total transaction of $1,000,000.00. Following the sale, the insider owned 84,328 shares of the company’s stock, valued at $4,216,400. This trade represents a 19.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Es Charles Van also recently made the following trade(s):

• On Wednesday, September 17th, Es Charles Van sold 20,000 shares of Vita Coco stock. The shares were sold at an average price of $42.04, for a total transaction of $840,800.00.
• On Friday, September 12th, Es Charles Van sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00.

Vita Coco Stock Performance

Shares of Vita Coco stock traded up $0.70 on Wednesday, hitting $47.29. The company had a trading volume of 604,568 shares, compared to its average volume of 809,937. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 2.84 and a beta of 0.39. The stock has a 50 day moving average of $41.45 and a 200-day moving average of $37.67. Vita Coco Company, Inc. has a 1 year low of $25.79 and a 1 year high of $50.50.

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.08. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The firm had revenue of $182.31 million during the quarter, compared to analyst estimates of $154.96 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue was up 37.2% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. Equities analysts anticipate that Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on COCO shares. Needham & Company LLC assumed coverage on Vita Coco in a research note on Wednesday, September 24th. They issued a “hold” rating for the company. Jefferies Financial Group lifted their price objective on shares of Vita Coco from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday. Evercore ISI boosted their target price on shares of Vita Coco from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday. Wells Fargo & Company raised their price target on shares of Vita Coco from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley upped their price objective on Vita Coco from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Vita Coco has an average rating of “Moderate Buy” and a consensus price target of $50.38.

Institutional Investors Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently modified their holdings of COCO. Clearstead Advisors LLC boosted its position 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 acquiring an additional 675 shares during the period. Quarry LP lifted its stake in Vita Coco by 12,633.3% in the 3rd quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after purchasing an additional 758 shares in the last quarter. MAI Capital Management bought a new position in Vita Coco in the 2nd quarter valued at $33,000. Mather Group LLC. purchased a new position in shares of Vita Coco during the 3rd quarter valued at $54,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Vita Coco by 5,376.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after purchasing an additional 1,344 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Vita Coco Company Profile

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.