Vita Coco (NASDAQ:COCO) CFO Corey Baker Sells 1,000 Shares

Key Points

• Corey Baker, CFO of Vita Coco, sold 1,000 shares of the company's stock at an average price of $40.00, totaling $40,000, which represents a 2.52% decrease in his holdings.
• Vita Coco's stock saw a 0.6% increase recently, reaching $39.79, and the company reported a 17.1% year-over-year revenue growth with earnings per share at $0.38.
• Analysts have mixed ratings on Vita Coco's stock, with a consensus of "Moderate Buy" and an average price target of $38.38.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CFO Corey Baker sold 1,000 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the transaction, the chief financial officer directly owned 38,754 shares of the company's stock, valued at approximately $1,550,160. This trade represents a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Corey Baker also recently made the following trade(s):

• On Monday, September 15th, Corey Baker sold 1,000 shares of Vita Coco stock. The stock was sold at an average price of $40.00, for a total value of $40,000.00.
• On Wednesday, September 10th, Corey Baker sold 1,000 shares of Vita Coco stock. The stock was sold at an average price of $38.16, for a total value of $38,160.00.
• On Monday, September 8th, Corey Baker sold 1,000 shares of Vita Coco stock. The stock was sold at an average price of $38.51, for a total value of $38,510.00.
• On Friday, September 5th, Corey Baker sold 1,000 shares of Vita Coco stock. The stock was sold at an average price of $38.00, for a total value of $38,000.00.

Vita Coco Trading Up 0.6%

NASDAQ:COCO traded up $0.22 during mid-day trading on Monday, reaching $39.79. The company's stock had a trading volume of 950,839 shares, compared to its average volume of 822,130. Vita Coco Company, Inc. has a 12-month low of $25.79 and a 12-month high of $40.71. The firm's fifty day moving average price is $36.22 and its two-hundred day moving average price is $34.55. The stock has a market cap of $2.26 billion, a P/E ratio of 35.02, a PEG ratio of 2.09 and a beta of 0.36.

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

Institutional Investors Weigh In On Vita Coco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MAI Capital Management purchased a new stake in Vita Coco during the 2nd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC grew its holdings 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 valued at $49,000 after buying an additional 1,344 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Vita Coco during the 2nd quarter valued at approximately $50,000. CWM LLC grew its holdings in 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 buying an additional 367 shares in the last quarter. Finally, Militia Capital Partners LP grew its holdings in 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 hedge funds and other institutional investors.

Analyst Ratings Changes

COCO has been the subject of several research reports. Wall Street Zen lowered shares of Vita Coco from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Wells Fargo & Company upped their price target on shares of Vita Coco from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley upped 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. Finally, Piper Sandler raised shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price target for the company in a research report on Wednesday, August 20th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock 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.

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