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 stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $37.60, for a total transaction 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 represents a 3.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction 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 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 shares were sold at an average price of $30.04, for a total value of $42,056.00.

Vita Coco Price Performance

COCO stock opened at $38.65 on Monday. The company’s 50 day simple moving average is $35.81 and its 200-day simple moving average is $30.74. 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.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The company had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.56 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. 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

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares in the last quarter. West Coast Financial LLC lifted its position in Vita Coco by 1.2% in the 4th quarter. West Coast Financial LLC now owns 91,841 shares of the company’s stock worth $3,390,000 after buying an additional 1,109 shares in the last quarter. US Bancorp DE boosted its stake in shares of Vita Coco by 8.5% during the 3rd quarter. US Bancorp DE now owns 14,968 shares of the company’s stock valued at $424,000 after buying an additional 1,178 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Vita Coco during the 4th quarter valued at $52,000. Finally, Captrust Financial Advisors increased its stake in shares of Vita Coco by 7.2% in the third quarter. Captrust Financial Advisors now owns 21,291 shares of the company’s stock worth $603,000 after acquiring an additional 1,433 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Bank of America boosted their price target on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Craig Hallum increased their target price on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price target on shares of Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.