The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $67,342.44 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCOGet Free Report) COO Jonathan Burth sold 2,244 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $30.01, for a total transaction of $67,342.44. Following the completion of the sale, the chief operating officer now directly owns 124,605 shares in the company, valued at approximately $3,739,396.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Vita Coco Stock Down 0.6 %

Shares of COCO opened at $28.14 on Friday. The stock’s fifty day simple moving average is $26.41 and its 200-day simple moving average is $26.46. The firm has a market capitalization of $1.60 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.53 and a beta of 0.23. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $31.42.

Vita Coco (NASDAQ:COCOGet Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $144.00 million during the quarter, compared to analyst estimates of $144.08 million. Vita Coco had a net margin of 11.05% and a return on equity of 26.42%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. Analysts anticipate that The Vita Coco Company, Inc. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

COCO has been the subject of several recent analyst reports. Piper Sandler lowered shares of Vita Coco from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $29.00 to $28.00 in a report on Friday, July 12th. Jefferies Financial Group reduced their price objective on Vita Coco from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company raised their target price on Vita Coco from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Finally, Bank of America upped their price target on shares of Vita Coco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Vita Coco has an average rating of “Moderate Buy” and an average target price of $30.17.

Check Out Our Latest Analysis on COCO

Institutional Trading of Vita Coco

A number of institutional investors and hedge funds have recently modified their holdings of COCO. New York State Teachers Retirement System acquired a new position in Vita Coco during the first quarter valued at approximately $63,000. nVerses Capital LLC boosted its position in shares of Vita Coco by 271.4% during the second quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock worth $72,000 after purchasing an additional 1,900 shares in the last quarter. CWM LLC grew its holdings in shares of Vita Coco by 40.7% in the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after buying an additional 787 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Vita Coco by 1,289.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,459 shares of the company’s stock valued at $89,000 after buying an additional 3,210 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of Vita Coco by 32.3% in the 1st quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock valued at $92,000 after buying an additional 919 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

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.

Further Reading

Insider Buying and Selling by Quarter for Vita Coco (NASDAQ:COCO)

Receive News & Ratings for Vita Coco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vita Coco and related companies with MarketBeat.com's FREE daily email newsletter.