The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $12,000.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 400 shares of Vita Coco stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $30.00, for a total value of $12,000.00. Following the sale, the chief operating officer now owns 124,205 shares in the company, valued at $3,726,150. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 30th, Jonathan Burth sold 2,244 shares of Vita Coco stock. The stock was sold at an average price of $30.01, for a total value of $67,342.44.

Vita Coco Price Performance

NASDAQ:COCO traded down $0.14 during midday trading on Friday, reaching $28.84. 191,380 shares of the company traded hands, compared to its average volume of 619,773. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $31.42. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 2.24 and a beta of 0.23. The company has a fifty day moving average price of $27.01 and a 200 day moving average price of $26.74.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Vita Coco had a return on equity of 26.42% and a net margin of 11.05%. The business had revenue of $144.00 million during the quarter, compared to analyst estimates of $144.08 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts forecast that The Vita Coco Company, Inc. will post 1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Vita Coco by 10.8% during the 1st quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock worth $58,032,000 after acquiring an additional 230,991 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Vita Coco by 25.1% in the 2nd 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 in the last quarter. William Blair Investment Management LLC raised its stake in shares of Vita Coco by 8.0% in the 2nd 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 in the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Vita Coco in the 1st quarter worth $18,210,000. Finally, Victory Capital Management Inc. raised its stake in shares of Vita Coco by 1,310.1% in the 2nd quarter. Victory Capital Management Inc. now owns 433,968 shares of the company’s stock worth $12,086,000 after buying an additional 403,192 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on COCO shares. Piper Sandler lowered Vita Coco from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $29.00 to $28.00 in a research report on Friday, July 12th. Bank of America lifted their target price on Vita Coco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Wells Fargo & Company lifted their target price on Vita Coco from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group decreased their target price on Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Vita Coco has a consensus rating of “Moderate Buy” and a consensus price target of $30.17.

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.