The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Jane Prior Sells 3,888 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Jane Prior sold 3,888 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $37.01, for a total transaction of $143,894.88. Following the completion of the sale, the chief marketing officer now directly owns 131,834 shares of the company’s stock, valued at $4,879,176.34. This trade represents a 2.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vita Coco Trading Down 0.8 %

COCO stock opened at $35.62 on Thursday. The firm’s 50-day moving average price is $31.33 and its two-hundred day moving average price is $28.43. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 2.37 and a beta of 0.22. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $37.05.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. Equities analysts predict that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum upped their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five 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 $31.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. TT International Asset Management LTD boosted its stake in shares of Vita Coco by 1,643.7% during the 3rd quarter. TT International Asset Management LTD now owns 181,188 shares of the company’s stock valued at $5,129,000 after purchasing an additional 170,797 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Vita Coco by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock worth $29,494,000 after buying an additional 101,823 shares during the period. Barclays PLC boosted its position in Vita Coco by 200.6% during the 3rd quarter. Barclays PLC now owns 69,504 shares of the company’s stock valued at $1,969,000 after acquiring an additional 46,385 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Vita Coco during the 3rd quarter worth approximately $348,000. Finally, Wellington Management Group LLP bought a new position in shares of Vita Coco in the 3rd quarter worth approximately $2,621,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

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.