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

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Kenneth Sadowsky sold 3,900 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $37.65, for a total transaction of $146,835.00. Following the sale, the director directly owned 631,666 shares in the company, valued at $23,782,224.90. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, June 18th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $34.69, for a total transaction of $135,291.00.

Vita Coco Stock Performance

NASDAQ COCO traded down $0.12 during mid-day trading on Friday, reaching $39.16. 321,180 shares of the stock were exchanged, compared to its average volume of 612,722. The business's 50 day moving average is $35.70 and its 200-day moving average is $34.80. Vita Coco Company, Inc. has a 1 year low of $23.56 and a 1 year high of $40.32. The company has a market capitalization of $2.22 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.01 and a beta of 0.37.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on COCO shares. Evercore ISI increased their price objective on shares of Vita Coco from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen lowered shares of Vita Coco from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. The Goldman Sachs Group set a $41.00 price objective on shares of Vita Coco and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company increased their price objective on shares of Vita Coco from $39.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Finally, Stephens reiterated an "equal weight" rating and issued a $32.00 price objective on shares of Vita Coco in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

Institutional Trading of Vita Coco

Hedge funds have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC lifted its holdings in Vita Coco by 91.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company's stock valued at $47,000 after purchasing an additional 613 shares in the last quarter. CWM LLC lifted its holdings in Vita Coco by 14.7% during the first quarter. CWM LLC now owns 2,868 shares of the company's stock valued at $88,000 after purchasing an additional 367 shares in the last quarter. Militia Capital Partners LP lifted its holdings in Vita Coco by 60.0% during 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. Caitong International Asset Management Co. Ltd purchased a new position in Vita Coco during the first quarter valued at $111,000. Finally, Summit Investment Advisors Inc. lifted its holdings in Vita Coco by 9.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock valued at $152,000 after purchasing an additional 347 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.

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