Ira Liran Sells 27,176 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 27,176 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $36.04, for a total transaction of $979,423.04. Following the sale, the director now owns 883,729 shares in the company, valued at approximately $31,849,593.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vita Coco Trading Down 3.1 %

Shares of Vita Coco stock opened at $34.06 on Thursday. The business’s fifty day moving average price is $29.54 and its 200 day moving average price is $27.77. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $36.41. The stock has a market capitalization of $1.93 billion, a P/E ratio of 34.40, a PEG ratio of 2.30 and a beta of 0.22.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.06. The business had revenue of $133.00 million for the quarter, compared to analyst estimates of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. As a group, sell-side analysts predict that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analyst Ratings Changes

COCO has been the topic of a number of recent analyst reports. Craig Hallum increased their price target on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group decreased their price target 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Vita Coco presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Institutional Investors Weigh In On Vita Coco

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Vita Coco by 10.8% during the 1st quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock valued at $58,032,000 after acquiring an additional 230,991 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Vita Coco by 106.4% during the third quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after purchasing an additional 461,748 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Vita Coco by 25.1% in the second quarter. Dimensional Fund Advisors LP now owns 776,469 shares of the company’s stock worth $21,623,000 after buying an additional 156,033 shares during the period. William Blair Investment Management LLC boosted its position in shares of Vita Coco by 8.0% in the second quarter. William Blair Investment Management LLC now owns 761,315 shares of the company’s stock worth $21,203,000 after buying an additional 56,416 shares during the period. Finally, Champlain Investment Partners LLC acquired a new stake in shares of Vita Coco in the first quarter valued at about $18,210,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.