The Vita Coco Company, Inc. (NASDAQ:COCO) CFO Sells $74,560.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CFO Corey Baker sold 2,000 shares of Vita Coco stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.28, for a total transaction of $74,560.00. Following the transaction, the chief financial officer now owns 44,346 shares in the company, valued at $1,653,218.88. This represents a 4.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vita Coco Trading Up 0.1 %

Shares of COCO opened at $36.72 on Monday. The business’s 50 day moving average is $33.12 and its 200 day moving average is $29.25. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $37.88. The company has a market capitalization of $2.08 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.42 and a beta of 0.31.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.26 by $0.06. The firm had revenue of $133.00 million for the quarter, compared to the consensus estimate of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Equities research analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on COCO shares. Craig Hallum lifted their target price on 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 boosted their price objective on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD purchased a new stake in shares of Vita Coco in the first quarter worth about $263,000. Comerica Bank raised its holdings in shares of Vita Coco by 1,155.7% during the 1st quarter. Comerica Bank now owns 3,993 shares of the company’s stock worth $98,000 after acquiring an additional 3,675 shares in the last quarter. CWM LLC boosted its position in shares of Vita Coco by 40.7% during the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after acquiring an additional 787 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Vita Coco in the second quarter valued at $313,000. Finally, 1620 Investment Advisors Inc. bought a new stake in Vita Coco in the second quarter worth $150,000. Institutional investors 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.