Jonathan Burth Sells 400 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 400 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $30.00, for a total value of $12,000.00. Following the sale, the chief operating officer now directly owns 124,205 shares in the company, valued at $3,726,150. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 Stock Performance

Shares of COCO traded down $0.14 during trading hours on Friday, hitting $28.84. 191,380 shares of the company were exchanged, compared to its average volume of 619,773. The company has a market cap of $1.63 billion, a PE ratio of 31.35, a PEG ratio of 2.24 and a beta of 0.23. The firm’s 50 day moving average is $27.01 and its 200-day moving average is $26.74. The Vita Coco Company, Inc. has a 52 week low of $19.41 and a 52 week high of $31.42.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings data 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. Vita Coco had a return on equity of 26.42% and a net margin of 11.05%. The business had revenue of $144.00 million during the quarter, compared to analysts’ expectations of $144.08 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts forecast that The Vita Coco Company, Inc. will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COCO. Wells Fargo & Company upped their price target on Vita Coco from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Piper Sandler lowered Vita Coco from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $29.00 to $28.00 in a research report on Friday, July 12th. 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 report on Wednesday, July 24th. Finally, Bank of America upped their price target on Vita Coco from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Vita Coco has an average rating of “Moderate Buy” and an average target price of $30.17.

Hedge Funds Weigh In On Vita Coco

Large investors have recently made changes to their positions in the business. AMI Asset Management Corp lifted its position in shares of Vita Coco by 43.2% during the 1st quarter. AMI Asset Management Corp now owns 174,502 shares of the company’s stock worth $4,263,000 after purchasing an additional 52,646 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Vita Coco during the 1st quarter worth about $1,028,000. American Century Companies Inc. lifted its position in shares of Vita Coco by 42.2% during the 2nd quarter. American Century Companies Inc. now owns 80,129 shares of the company’s stock worth $2,232,000 after purchasing an additional 23,761 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Vita Coco by 41.8% during the 1st quarter. Wasatch Advisors LP now owns 398,057 shares of the company’s stock worth $9,725,000 after purchasing an additional 117,346 shares during the last quarter. Finally, Pier Capital LLC lifted its position in shares of Vita Coco by 37.7% during the 2nd quarter. Pier Capital LLC now owns 292,073 shares of the company’s stock worth $8,134,000 after purchasing an additional 79,957 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.