The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) COO Jonathan Burth sold 400 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $30.00, for a total transaction of $12,000.00. Following the transaction, the chief operating officer now owns 124,205 shares of the company's stock, valued at approximately $3,726,150. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Jonathan Burth also recently made the following trade(s):
- On Monday, September 30th, Jonathan Burth sold 2,244 shares of Vita Coco stock. The stock was sold at an average price of $30.01, for a total value of $67,342.44.
Vita Coco Price Performance
COCO stock opened at $28.84 on Friday. The company has a market capitalization of $1.63 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 2.24 and a beta of 0.23. The Vita Coco Company, Inc. has a 12 month low of $19.41 and a 12 month high of $31.42. The firm's fifty day simple moving average is $27.08 and its 200-day simple moving average is $26.78.
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Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $144.00 million for the quarter, compared to the consensus estimate of $144.08 million. Vita Coco had a return on equity of 26.42% and a net margin of 11.05%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. As a group, sell-side analysts forecast that The Vita Coco Company, Inc. will post 1.05 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of COCO. Allspring Global Investments Holdings LLC boosted its position in Vita Coco by 18.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 46,269 shares of the company's stock worth $1,310,000 after purchasing an additional 7,173 shares in the last quarter. Raymond James & Associates acquired a new position in shares of Vita Coco in the 3rd quarter valued at $3,990,000. Kings Path Partners LLC grew its position in Vita Coco by 72.7% during the third quarter. Kings Path Partners LLC now owns 15,920 shares of the company's stock valued at $451,000 after buying an additional 6,700 shares during the period. West Coast Financial LLC purchased a new position in Vita Coco in the third quarter valued at $2,569,000. Finally, LVW Advisors LLC acquired a new position in shares of Vita Coco in the third quarter worth about $209,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group dropped their price target on Vita Coco from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Wednesday, July 24th. Bank of America boosted their target price on shares of Vita Coco from $27.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 10th. Wells Fargo & Company raised their price target on shares of Vita Coco from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Wednesday, July 10th. Finally, Piper Sandler lowered shares of Vita Coco from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $29.00 to $28.00 in a report on Friday, July 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.17.
Read Our Latest Analysis on COCO
About Vita Coco
(
Get Free Report)
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.
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