Kenneth Sadowsky Sells 3,900 Shares of Vita Coco (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCO) Director Kenneth Sadowsky sold 3,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.12, for a total transaction of $183,768.00. Following the sale, the director owned 616,066 shares in the company, valued at $29,029,029.92. This represents a 0.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, October 15th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $38.91, for a total transaction of $151,749.00.
• On Wednesday, September 17th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The shares were sold at an average price of $40.03, for a total value of $156,117.00.

Vita Coco Trading Up 4.5%

NASDAQ:COCO opened at $48.32 on Friday. The business’s fifty day moving average price is $41.94 and its 200 day moving average price is $37.89. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 42.02, a PEG ratio of 1.54 and a beta of 0.39. Vita Coco Company, Inc. has a 1-year low of $25.79 and a 1-year high of $50.50.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.08. The company had revenue of $182.31 million for the quarter, compared to analysts’ expectations of $154.96 million. Vita Coco had a return on equity of 25.08% and a net margin of 11.35%.The business’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. Vita Coco has set its FY 2025 guidance at EPS. Equities analysts forecast that Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On Vita Coco

Institutional investors have recently bought and sold shares of the stock. Clearstead Advisors LLC lifted its position in shares of Vita Coco by 22,500.0% in the third quarter. Clearstead Advisors LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 675 shares during the last quarter. Quarry LP lifted its holdings in Vita Coco by 12,633.3% in the 3rd quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after purchasing an additional 758 shares during the last quarter. MAI Capital Management bought a new stake in Vita Coco during the second quarter worth approximately $33,000. EverSource Wealth Advisors LLC grew its holdings in Vita Coco by 5,376.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after purchasing an additional 1,344 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Vita Coco in the second quarter valued at approximately $50,000. 88.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COCO has been the subject of a number of research reports. The Goldman Sachs Group lifted their target price on shares of Vita Coco from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Vita Coco in a research report on Wednesday, October 8th. Needham & Company LLC assumed coverage on Vita Coco in a research report on Wednesday, September 24th. They issued a “hold” rating on the stock. Wells Fargo & Company raised their price target on Vita Coco from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Jefferies Financial Group lifted their price target on Vita Coco from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $50.38.

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.