The Vita Coco Company, Inc. (NASDAQ:COCO – Get Free Report) CFO Corey Baker sold 2,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $37.28, for a total transaction of $74,560.00. Following the completion of the sale, the chief financial officer now directly owns 44,346 shares of the company’s stock, valued at approximately $1,653,218.88. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Vita Coco Price Performance
Shares of NASDAQ:COCO opened at $36.72 on Friday. The business’s fifty day moving average price is $32.96 and its two-hundred day moving average price is $29.15. The Vita Coco Company, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $37.88. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 37.09, a price-to-earnings-growth ratio of 2.42 and a beta of 0.31.
Vita Coco (NASDAQ:COCO – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. The firm had revenue of $133.00 million during the quarter, compared to the consensus estimate of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. Research analysts expect that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.
Institutional Trading of Vita Coco
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on COCO. Craig Hallum upped their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Bank of America upped their price target on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.14.
Read Our Latest Analysis on Vita Coco
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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