Vita Coco (NASDAQ:COCO) Insider Es Charles Van Sells 10,000 Shares

by · The Markets Daily

Vita Coco Company, Inc. (NASDAQ:COCO – Get Free Report) insider Es Charles Van sold 10,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. Following the completion of the sale, the insider owned 84,328 shares in the company, valued at $3,373,120. This represents a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Es Charles Van also recently made the following trade(s):

  • On Monday, July 7th, Es Charles Van sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $38.02, for a total transaction of $380,200.00.

Vita Coco Stock Performance

Shares of Vita Coco stock opened at $42.30 on Thursday. The firm’s 50-day simple moving average is $36.37 and its 200-day simple moving average is $34.64. Vita Coco Company, Inc. has a twelve month low of $25.79 and a twelve month high of $42.82. The firm has a market cap of $2.40 billion, a P/E ratio of 39.53, a price-to-earnings-growth ratio of 2.12 and a beta of 0.36.

Vita Coco (NASDAQ:COCO – Get Free Report) last released 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 firm had revenue of $168.76 million for the quarter, compared to analyst estimates of $162.20 million. Vita Coco had a net margin of 11.50% and a return on equity of 24.99%. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. Vita Coco has set its FY 2025 guidance at EPS. On average, equities analysts forecast 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 hedge funds have recently made changes to their positions in COCO. Voya Investment Management LLC boosted its stake in shares of Vita Coco by 3,376.9% in the 1st quarter. Voya Investment Management LLC now owns 586,969 shares of the company’s stock valued at $17,991,000 after purchasing an additional 570,087 shares in the last quarter. Bank of America Corp DE boosted its position in Vita Coco by 382.2% during the 4th quarter. Bank of America Corp DE now owns 512,120 shares of the company’s stock worth $18,902,000 after buying an additional 405,913 shares during the period. Marshall Wace LLP acquired a new stake in Vita Coco during the 2nd quarter worth approximately $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 buying an additional 258,521 shares during the period. Finally, Victory Capital Management Inc. raised its holdings 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 purchasing an additional 247,339 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on COCO shares. Wall Street Zen downgraded shares of Vita Coco from a “buy” rating to a “hold” rating in a research note on Saturday, June 7th. 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 note on Wednesday, August 20th. Morgan Stanley boosted their price target on shares of Vita Coco from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company upped their target price 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.38.

View Our Latest Stock Analysis on COCO

About Vita Coco

(Get Free Report)

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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