The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $152,355.20 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 4,052 shares of Vita Coco stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $37.60, for a total value of $152,355.20. Following the completion of the transaction, the chief operating officer now owns 104,108 shares of the company’s stock, valued at $3,914,460.80. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jonathan Burth also recently made the following trade(s):

• On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The stock was sold at an average price of $37.53, for a total value of $34,227.36.
• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The shares were sold at an average price of $37.61, for a total transaction of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.69, for a total value of $356,900.00.
• On Monday, October 28th, Jonathan Burth sold 1,400 shares of Vita Coco stock. The stock was sold at an average price of $30.04, for a total transaction of $42,056.00.

Vita Coco Price Performance

COCO stock opened at $38.65 on Friday. The Vita Coco Company, Inc. has a 52-week low of $19.41 and a 52-week high of $38.91. The firm has a market capitalization of $2.19 billion, a P/E ratio of 39.04, a P/E/G ratio of 2.25 and a beta of 0.31. The company’s 50 day simple moving average is $35.81 and its 200-day simple moving average is $30.72.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $133.00 million for 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%. Vita Coco’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 earnings per share. Sell-side analysts predict that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Vita Coco

Large investors have recently made changes to their positions in the business. Wasatch Advisors LP increased its stake in Vita Coco by 299.0% in the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after buying an additional 1,799,168 shares during the period. Woodson Capital Management LP purchased a new position in shares of Vita Coco during the 3rd quarter valued at $19,224,000. Victory Capital Management Inc. increased its stake in shares of Vita Coco by 106.4% in the third quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after acquiring an additional 461,748 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Vita Coco during the second quarter worth $9,859,000. Finally, Harbor Capital Advisors Inc. boosted its position in Vita Coco by 143.0% during the third quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after purchasing an additional 200,940 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on COCO shares. Craig Hallum raised their price target on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Bank of America boosted their target price on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company upped their price target on Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.14.

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.