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 the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $37.60, for a total transaction of $152,355.20. Following the transaction, the chief operating officer now owns 104,108 shares in the company, valued at $3,914,460.80. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The shares were 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 stock was sold at an average price of $37.61, for a total value of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The stock was 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

Shares of NASDAQ COCO traded up $1.56 during midday trading on Friday, hitting $38.65. The company’s stock had a trading volume of 571,444 shares, compared to its average volume of 473,826. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth ratio of 2.25 and a beta of 0.31. The business’s fifty day simple moving average is $35.65 and its two-hundred day simple moving average is $30.60. The Vita Coco Company, Inc. has a 1 year low of $19.41 and a 1 year high of $38.91.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.26 by $0.06. The business had revenue of $133.00 million during the quarter, compared to the consensus estimate of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America raised their price target 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. Craig Hallum raised their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. 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 research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Vita Coco presently has an average rating of “Moderate Buy” and an average target price of $33.14.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after buying an additional 360 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Vita Coco during the 4th quarter worth about $52,000. Quest Partners LLC lifted its stake in Vita Coco by 16,538.1% during the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after purchasing an additional 3,473 shares during the last quarter. ProShare Advisors LLC purchased a new position in Vita Coco in the second quarter valued at approximately $141,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vita Coco by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock worth $199,000 after purchasing an additional 1,434 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

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.