The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $557,981.96 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 14,836 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $37.61, for a total transaction of $557,981.96. Following the completion of the transaction, the chief operating officer now owns 105,417 shares in the company, valued at approximately $3,964,733.37. The trade was a 12.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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.
• 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 transaction 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 value 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 Price Performance

Vita Coco stock traded up $0.08 during midday trading on Monday, reaching $36.80. The company’s stock had a trading volume of 375,357 shares, compared to its average volume of 601,948. The stock has a market capitalization of $2.09 billion, a P/E ratio of 37.37, a PEG ratio of 2.42 and a beta of 0.31. The stock’s 50-day simple moving average is $33.12 and its 200-day simple moving average is $29.25. The Vita Coco Company, Inc. has a 52-week low of $19.41 and a 52-week high of $37.88.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The company had revenue of $133.00 million during the quarter, compared to analysts’ expectations of $138.56 million. During the same period last year, the business earned $0.26 EPS. Vita Coco’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities research analysts expect that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vita Coco

A number of large investors have recently made changes to their positions in the stock. nVerses Capital LLC lifted its position in Vita Coco by 271.4% during the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock worth $72,000 after acquiring an additional 1,900 shares during the period. CWM LLC raised its stake in shares of Vita Coco by 40.7% in the second quarter. CWM LLC now owns 2,720 shares of the company’s stock worth $76,000 after purchasing an additional 787 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of 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 period. Comerica Bank boosted its position in Vita Coco by 1,155.7% in the first quarter. Comerica Bank now owns 3,993 shares of the company’s stock valued at $98,000 after buying an additional 3,675 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Vita Coco in the 2nd quarter worth approximately $141,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COCO shares. Bank of America raised their price target on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Craig Hallum raised their target price on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.14.

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.