Vita Coco (NASDAQ:COCO) Director Sells $156,117.00 in Stock

Key Points

• Kenneth Sadowsky, a director at Vita Coco, sold 3,900 shares of the company's stock at an average price of $40.03, totaling $156,117, which represents a 0.62% reduction in his ownership.
• Vita Coco's stock is currently trading at $39.73 after a 1.2% increase, with a market capitalization of $2.26 billion and a price-to-earnings ratio of 37.13.
• The company reported a 17.1% revenue increase in the last quarter, with earnings per share of $0.38, surpassing analyst expectations.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Kenneth Sadowsky sold 3,900 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $40.03, for a total transaction of $156,117.00. Following the completion of the transaction, the director owned 623,866 shares in the company, valued at $24,973,355.98. The trade was a 0.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kenneth Sadowsky also recently made the following trade(s):

• On Wednesday, July 16th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $37.65, for a total value of $146,835.00.

Vita Coco Price Performance

COCO traded up $1.26 during midday trading on Monday, reaching $40.99. 2,016,465 shares of the company's stock traded hands, compared to its average volume of 1,110,066. Vita Coco Company, Inc. has a 52 week low of $25.79 and a 52 week high of $42.81. The firm has a fifty day moving average of $36.53 and a two-hundred day moving average of $34.81. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 38.31, a P/E/G ratio of 2.10 and a beta of 0.36.

Vita Coco (NASDAQ:COCO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Vita Coco had a return on equity of 24.99% and a net margin of 11.50%.The firm had revenue of $168.76 million for the quarter, compared to analysts' expectations of $162.20 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The business's revenue was up 17.1% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MAI Capital Management purchased a new position in shares of Vita Coco in the second quarter worth $33,000. EverSource Wealth Advisors LLC grew its position in Vita Coco by 5,376.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock worth $49,000 after purchasing an additional 1,344 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Vita Coco during the second quarter worth $50,000. CWM LLC grew its position in shares of Vita Coco by 14.7% during the 1st quarter. CWM LLC now owns 2,868 shares of the company's stock valued at $88,000 after acquiring an additional 367 shares during the period. Finally, Militia Capital Partners LP lifted its position in shares of Vita Coco by 60.0% during the 1st quarter. Militia Capital Partners LP now owns 3,200 shares of the company's stock valued at $98,000 after buying an additional 1,200 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on COCO shares. Morgan Stanley boosted their price target on shares of Vita Coco from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Wall Street Zen lowered Vita Coco from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Piper Sandler raised Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price target on the stock in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company raised their price objective on shares of Vita Coco from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Vita Coco presently has a consensus rating of "Moderate Buy" and an average price target of $38.38.

About Vita Coco

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.