Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Sells $10,920.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCOGet Free Report) CMO Jane Prior sold 364 shares of Vita Coco stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $30.00, for a total value of $10,920.00. Following the sale, the chief marketing officer now owns 131,834 shares in the company, valued at approximately $3,955,020. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jane Prior also recently made the following trade(s):

  • On Friday, June 14th, Jane Prior sold 2,935 shares of Vita Coco stock. The stock was sold at an average price of $30.06, for a total value of $88,226.10.

Vita Coco Stock Down 1.6 %

NASDAQ COCO opened at $28.58 on Friday. The Vita Coco Company, Inc. has a 52-week low of $19.41 and a 52-week high of $33.29. The business’s 50-day moving average price is $26.65 and its 200 day moving average price is $25.06. The firm has a market cap of $1.62 billion, a P/E ratio of 31.07, a P/E/G ratio of 1.83 and a beta of 0.26.

Vita Coco (NASDAQ:COCOGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Vita Coco had a return on equity of 26.27% and a net margin of 10.93%. The firm had revenue of $112.00 million for the quarter, compared to analyst estimates of $111.72 million. During the same quarter last year, the company posted $0.12 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. As a group, analysts anticipate that The Vita Coco Company, Inc. will post 1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

COCO has been the topic of a number of research analyst reports. Stephens reiterated an “overweight” rating and set a $31.00 target price on shares of Vita Coco in a research report on Thursday, May 23rd. Piper Sandler lifted their target price on Vita Coco from $24.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.67.

Check Out Our Latest Research Report on COCO

Hedge Funds Weigh In On Vita Coco

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Syon Capital LLC purchased a new stake in Vita Coco in the 4th quarter valued at approximately $113,931,000. Oak Ridge Investments LLC purchased a new stake in Vita Coco in the 4th quarter valued at approximately $1,922,000. AMI Asset Management Corp boosted its holdings in Vita Coco by 51.4% in the 4th quarter. AMI Asset Management Corp now owns 121,856 shares of the company’s stock valued at $3,126,000 after purchasing an additional 41,374 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Vita Coco by 899.4% in the 4th quarter. Victory Capital Management Inc. now owns 277,823 shares of the company’s stock valued at $7,126,000 after purchasing an additional 250,024 shares in the last quarter. Finally, 12 West Capital Management LP purchased a new stake in Vita Coco in the 3rd quarter valued at approximately $9,114,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Vita Coco Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Vita Coco (NASDAQ:COCO)

Receive News & Ratings for Vita Coco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vita Coco and related companies with MarketBeat.com's FREE daily email newsletter.