Ira Liran Sells 30,000 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 30,000 shares of Vita Coco stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $35.58, for a total value of $1,067,400.00. Following the transaction, the director now owns 853,729 shares in the company, valued at $30,375,677.82. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Ira Liran also recently made the following trade(s):

• On Friday, November 8th, Ira Liran sold 27,176 shares of Vita Coco stock. The stock was sold at an average price of $36.04, for a total value of $979,423.04.

Vita Coco Stock Performance

Shares of NASDAQ:COCO opened at $35.86 on Friday. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 36.22, a P/E/G ratio of 2.42 and a beta of 0.31. The firm has a fifty day moving average price of $33.92 and a 200 day moving average price of $29.50. The Vita Coco Company, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $37.88.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, beating 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 business 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 firm earned $0.26 EPS. The business’s revenue was down 3.6% on a year-over-year basis. As a group, research analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

COCO has been the topic of a number of recent analyst reports. Craig Hallum raised their target price on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Bank of America lifted their target price on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note 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 data from MarketBeat.com, Vita Coco has a consensus rating of “Moderate Buy” and an average target price of $32.14.

Hedge Funds Weigh In On Vita Coco

Several institutional investors have recently added to or reduced their stakes in COCO. Wasatch Advisors LP grew its holdings in shares of 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 in the last quarter. Woodson Capital Management LP purchased a new position in shares of Vita Coco in the 3rd quarter worth $19,224,000. Victory Capital Management Inc. increased its holdings in shares of Vita Coco by 106.4% in the 3rd 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 purchased a new stake in shares of Vita Coco during the 2nd quarter valued at about $9,859,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Vita Coco by 143.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after acquiring an additional 200,940 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

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.