Vita Coco (NASDAQ:COCO) CFO Sells $38,000.00 in Stock

Key Points

• Vita Coco CFO Corey Baker sold 1,000 shares of stock for a total of $38,000, reducing his ownership by 2.29% to 42,754 shares.
• The company reported a quarterly earnings per share of $0.38, exceeding analysts' estimates of $0.36, alongside a year-over-year revenue increase of 17.1%.
• Analysts have a consensus rating of "Moderate Buy" for Vita Coco, with an average price target of $38.38 per share.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CFO Corey Baker sold 1,000 shares of Vita Coco stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $38.00, for a total value of $38,000.00. Following the completion of the sale, the chief financial officer owned 42,754 shares of the company's stock, valued at $1,624,652. The trade was a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction of $38,510.00.

Vita Coco Price Performance

Shares of NASDAQ:COCO traded up $0.20 during trading hours on Tuesday, hitting $38.59. The company's stock had a trading volume of 1,834,057 shares, compared to its average volume of 738,592. The firm's fifty day moving average price is $36.06 and its 200 day moving average price is $34.41. Vita Coco Company, Inc. has a 52 week low of $25.23 and a 52 week high of $40.32. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 2.04 and a beta of 0.36.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. The firm had revenue of $168.76 million for the quarter, compared to the consensus estimate of $162.20 million. Vita Coco had a net margin of 11.50% and a return on equity of 24.99%. The company's quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. Vita Coco has set its FY 2025 guidance at EPS. On average, equities research 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

A number of large investors have recently modified their holdings of the business. US Bancorp DE raised its position in shares of Vita Coco by 7.5% in the 1st quarter. US Bancorp DE now owns 5,247 shares of the company's stock valued at $161,000 after purchasing an additional 364 shares during the last quarter. CWM LLC increased its stake 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 purchasing an additional 367 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Vita Coco by 3.2% in the second quarter. Schroder Investment Management Group now owns 12,041 shares of the company's stock worth $435,000 after buying an additional 376 shares during the last quarter. Cim LLC lifted its stake in shares of Vita Coco by 3.8% during the second quarter. Cim LLC now owns 13,904 shares of the company's stock worth $502,000 after buying an additional 514 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Vita Coco by 1.2% during the first quarter. Principal Financial Group Inc. now owns 43,809 shares of the company's stock valued at $1,343,000 after buying an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Vita Coco from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley increased 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 cut shares of Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Finally, Piper Sandler upgraded shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price objective for the company in a research note on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average 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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