The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $42,056.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 1,400 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $30.04, for a total value of $42,056.00. Following the transaction, the chief operating officer now directly owns 121,900 shares of the company’s stock, valued at approximately $3,661,876. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, October 22nd, Jonathan Burth sold 905 shares of Vita Coco stock. The shares were sold at an average price of $30.04, for a total value of $27,186.20.
• On Wednesday, October 16th, Jonathan Burth sold 400 shares of Vita Coco stock. The stock was sold at an average price of $30.00, for a total transaction of $12,000.00.
• On Monday, September 30th, Jonathan Burth sold 2,244 shares of Vita Coco stock. The shares were sold at an average price of $30.01, for a total value of $67,342.44.

Vita Coco Stock Performance

COCO traded down $1.22 during trading on Wednesday, reaching $29.56. The stock had a trading volume of 1,747,572 shares, compared to its average volume of 615,433. The business has a 50-day moving average of $27.66 and a 200-day moving average of $27.01. The Vita Coco Company, Inc. has a one year low of $19.41 and a one year high of $31.54. The stock has a market cap of $1.68 billion, a PE ratio of 35.87, a PEG ratio of 2.24 and a beta of 0.23.

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

Wall Street Analyst Weigh In

COCO has been the subject of several analyst reports. Jefferies Financial Group cut their target price on Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Piper Sandler cut shares of Vita Coco from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $29.00 to $28.00 in a research note on Friday, July 12th. Wells Fargo & Company increased their target price on shares of Vita Coco from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Bank of America boosted their price target on shares of Vita Coco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.17.

Hedge Funds Weigh In On Vita Coco

A number of large investors have recently modified their holdings of the company. CWM LLC raised its holdings in shares of Vita Coco by 40.7% during the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after buying an additional 787 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Vita Coco by 32.3% during the 1st quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock valued at $92,000 after buying an additional 919 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Vita Coco by 9.5% during the 2nd quarter. Arizona State Retirement System now owns 11,107 shares of the company’s stock valued at $309,000 after buying an additional 960 shares in the last quarter. US Bancorp DE raised its holdings 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 in the last quarter. Finally, nVerses Capital LLC raised its holdings in shares of Vita Coco by 271.4% during the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after buying an additional 1,900 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

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.