Kenneth Sadowsky Sells 3,900 Shares of Vita Coco Company, Inc. (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Kenneth Sadowsky sold 3,900 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $34.69, for a total transaction of $135,291.00. Following the completion of the transaction, the director now owns 635,566 shares of the company's stock, valued at approximately $22,047,784.54. This trade represents a 0.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Vita Coco Stock Performance

Shares of NASDAQ:COCO traded up $0.88 during trading on Monday, reaching $36.00. The stock had a trading volume of 616,430 shares, compared to its average volume of 612,548. The business has a fifty day moving average price of $33.89 and a 200-day moving average price of $34.67. The stock has a market cap of $2.04 billion, a PE ratio of 35.64, a PEG ratio of 1.86 and a beta of 0.39. Vita Coco Company, Inc. has a 1-year low of $23.56 and a 1-year high of $40.32.

Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. Vita Coco had a return on equity of 25.08% and a net margin of 11.32%. The company had revenue of $130.92 million for the quarter, compared to analyst estimates of $125.64 million. During the same quarter last year, the firm posted $0.24 EPS. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. Sell-side analysts expect that Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Institutional Investors Weigh In On Vita Coco

A number of hedge funds have recently modified their holdings of the business. Coppell Advisory Solutions LLC grew its stake in Vita Coco by 91.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company's stock valued at $47,000 after acquiring an additional 613 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Vita Coco during the 4th quarter worth approximately $66,000. CWM LLC boosted its holdings in shares of Vita Coco by 14.7% during the 1st quarter. CWM LLC now owns 2,868 shares of the company's stock worth $88,000 after purchasing an additional 367 shares during the last quarter. Militia Capital Partners LP grew its position in shares of Vita Coco by 60.0% in the first quarter. Militia Capital Partners LP now owns 3,200 shares of the company's stock valued at $98,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Vita Coco in the first quarter valued at approximately $111,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COCO has been the subject of several recent analyst reports. Stephens restated an "equal weight" rating and issued a $32.00 price target on shares of Vita Coco in a research note on Thursday, March 27th. The Goldman Sachs Group set a $41.00 price objective on Vita Coco and gave the company a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their target price on Vita Coco from $39.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Evercore ISI lifted their price target on shares of Vita Coco from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen cut shares of Vita Coco from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Vita Coco has an average rating of "Moderate Buy" and an average price target of $35.88.

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.