Jane Prior Sells 10,000 Shares of Vita Coco (NASDAQ:COCO) Stock

Key Points

• Jane Prior, Chief Marketing Officer of Vita Coco, sold 10,000 shares of the company's stock on September 17th for a total of $420,400, reducing her ownership by 7.48% to 123,666 shares.
• Vita Coco recently reported quarterly earnings of $0.38 per share, exceeding the consensus estimate, with revenue up 17.1% year-over-year at $168.76 million.
• Major analysts have varied outlooks for Vita Coco, with ratings ranging from "buy" to "hold," and an average target price of $38.38 for the stock.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CMO Jane Prior sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $42.04, for a total transaction of $420,400.00. Following the sale, the chief marketing officer directly owned 123,666 shares of the company's stock, valued at approximately $5,198,918.64. This trade represents a 7.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Jane Prior also recently made the following trade(s):

• On Friday, September 12th, Jane Prior sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $40.00, for a total value of $400,000.00.
• On Tuesday, July 1st, Jane Prior sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $37.07, for a total value of $370,700.00.

Vita Coco Stock Up 1.2%

NASDAQ COCO traded up $0.47 during trading hours on Friday, hitting $39.73. The company had a trading volume of 2,075,385 shares, compared to its average volume of 1,041,227. Vita Coco Company, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $42.81. The business has a fifty day simple moving average of $36.47 and a 200-day simple moving average of $34.75. The firm has a market cap of $2.26 billion, a P/E ratio of 37.13, a price-to-earnings-growth ratio of 2.10 and a beta of 0.36.

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

Institutional Investors Weigh In On Vita Coco

A number of institutional investors have recently bought and sold shares of COCO. Voya Investment Management LLC boosted its position in Vita Coco by 3,376.9% during the 1st quarter. Voya Investment Management LLC now owns 586,969 shares of the company's stock worth $17,991,000 after acquiring an additional 570,087 shares during the period. Marshall Wace LLP acquired a new stake in Vita Coco during the 2nd quarter worth about $9,627,000. Wellington Management Group LLP boosted its position in Vita Coco by 102.2% during the 1st quarter. Wellington Management Group LLP now owns 511,462 shares of the company's stock worth $15,676,000 after acquiring an additional 258,521 shares during the period. Victory Capital Management Inc. boosted its position in Vita Coco by 62.2% during the 1st quarter. Victory Capital Management Inc. now owns 645,225 shares of the company's stock worth $19,776,000 after acquiring an additional 247,339 shares during the period. Finally, Capricorn Fund Managers Ltd acquired a new stake in Vita Coco during the 2nd quarter worth about $5,054,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.