The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $34,227.36 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 912 shares of Vita Coco stock in a transaction on Monday, December 16th. The shares were sold at an average price of $37.53, for a total value of $34,227.36. Following the sale, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at approximately $3,907,173.24. This trade represents a 0.87 % decrease in their ownership of the stock. The sale 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 Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The shares were sold at an average price of $37.61, for a total transaction of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.69, for a total value of $356,900.00.
• On Monday, October 28th, Jonathan Burth sold 1,400 shares of Vita Coco stock. The stock was 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 transaction of $27,186.20.
• On Wednesday, October 16th, Jonathan Burth sold 400 shares of Vita Coco stock. The stock was sold at an average price of $30.00, for a total transaction 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 transaction of $67,342.44.

Vita Coco Trading Down 1.4 %

Shares of COCO stock traded down $0.51 during mid-day trading on Wednesday, reaching $35.68. The stock had a trading volume of 467,890 shares, compared to its average volume of 600,391. The Vita Coco Company, Inc. has a 1-year low of $19.41 and a 1-year high of $37.88. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.42 and a beta of 0.31. The business’s fifty day moving average is $33.47 and its 200-day moving average is $29.36.

Vita Coco (NASDAQ:COCO) last posted 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 analyst estimates of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. Vita Coco’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. On average, analysts forecast that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On Vita Coco

A number of hedge funds have recently bought and sold shares of the business. nVerses Capital LLC lifted its position in shares of Vita Coco by 271.4% during the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after buying an additional 1,900 shares in the last quarter. Quest Partners LLC grew its position in shares of Vita Coco by 16,538.1% in the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after purchasing an additional 3,473 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Vita Coco during the second quarter worth about $141,000. 1620 Investment Advisors Inc. acquired a new position in shares of Vita Coco during the 2nd quarter worth about $150,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vita Coco by 25.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock valued at $199,000 after buying an additional 1,434 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

COCO has been the subject of several analyst reports. Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Craig Hallum increased their price target on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Vita Coco presently has a consensus rating of “Moderate Buy” and an average price target of $32.14.

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.