The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth Sells 4,052 Shares of Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 4,052 shares of Vita Coco 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 sale, the chief operating officer now directly owns 104,108 shares in the company, valued at approximately $3,914,460.80. The trade was a 3.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was 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 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 stock was sold at an average price of $30.04, for a total transaction of $42,056.00.

Vita Coco Trading Up 4.2 %

COCO stock opened at $38.65 on Friday. The stock has a 50-day moving average price of $35.81 and a two-hundred day moving average price of $30.72. The company has a market cap of $2.19 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 2.25 and a beta of 0.31. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $38.91.

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share (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 firm had revenue of $133.00 million during the quarter, compared to the consensus estimate of $138.56 million. During the same quarter in the prior year, the company earned $0.26 EPS. The company’s revenue was down 3.6% on a year-over-year basis. Equities analysts forecast that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Institutional Trading of Vita Coco

A number of institutional investors have recently added to or reduced their stakes in COCO. Wasatch Advisors LP raised its position in Vita Coco by 299.0% in the third quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after purchasing an additional 1,799,168 shares during the period. Woodson Capital Management LP purchased a new stake in shares of Vita Coco during the 3rd quarter valued at about $19,224,000. Victory Capital Management Inc. lifted its position in shares of Vita Coco by 106.4% during the third quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after purchasing an additional 461,748 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in Vita Coco in the 2nd quarter valued at about $9,859,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Vita Coco by 143.0% in the third quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after purchasing an additional 200,940 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COCO has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. Bank of America upped their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Craig Hallum lifted their price objective on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.14.

Vita Coco Company Profile

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.