The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth Sells 14,836 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 14,836 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $37.61, for a total value of $557,981.96. Following the transaction, the chief operating officer now owns 105,417 shares of the company’s stock, valued at approximately $3,964,733.37. The trade was a 12.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The stock was 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 shares were sold at an average price of $30.04, for a total value of $42,056.00.
• On Tuesday, October 22nd, Jonathan Burth sold 905 shares of Vita Coco stock. The stock was 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 shares were 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

Shares of COCO opened at $36.80 on Tuesday. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $37.88. The stock has a market capitalization of $2.09 billion, a P/E ratio of 37.17, a P/E/G ratio of 2.42 and a beta of 0.31. The firm’s 50 day moving average is $33.12 and its 200-day moving average is $29.25.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $138.56 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts forecast that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

COCO has been the subject of a number of recent analyst reports. 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 report on Thursday, October 31st. Bank of America increased their price objective 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Vita Coco has a consensus rating of “Moderate Buy” and a consensus target price of $32.14.

Institutional Investors Weigh In On Vita Coco

Hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP raised its holdings in shares of Vita Coco by 299.0% during the third quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after acquiring an additional 1,799,168 shares during the period. Woodson Capital Management LP acquired a new stake in shares of Vita Coco in the 3rd quarter valued at $19,224,000. Victory Capital Management Inc. increased its position in 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 buying an additional 461,748 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Vita Coco during the second quarter valued at about $9,859,000. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Vita Coco by 143.0% in the third quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock worth $9,668,000 after buying an additional 200,940 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

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.