The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth Sells 14,836 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 14,836 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $37.61, for a total transaction of $557,981.96. Following the completion of the transaction, the chief operating officer now directly owns 105,417 shares of the company’s stock, valued at $3,964,733.37. This represents a 12.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Jonathan Burth also recently made the following trade(s):

• 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 value of $27,186.20.
• On Wednesday, October 16th, Jonathan Burth sold 400 shares of Vita Coco stock. The shares were 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 Up 0.2 %

Shares of NASDAQ:COCO traded up $0.08 during trading on Monday, reaching $36.80. The company’s stock had a trading volume of 375,357 shares, compared to its average volume of 601,948. The stock has a market capitalization of $2.09 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 2.42 and a beta of 0.31. The Vita Coco Company, Inc. has a 12 month low of $19.41 and a 12 month high of $37.88. The firm’s 50 day simple moving average is $33.12 and its two-hundred day simple moving average is $29.25.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. The business had revenue of $133.00 million during 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 company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. Research analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Bank of America increased their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Craig Hallum boosted their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of COCO. Wasatch Advisors LP lifted its holdings in shares of Vita Coco by 299.0% in the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock worth $67,972,000 after acquiring an additional 1,799,168 shares during the last quarter. Woodson Capital Management LP purchased a new stake in Vita Coco in the 3rd quarter worth about $19,224,000. Victory Capital Management Inc. lifted its stake in Vita Coco by 106.4% in the third quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after purchasing an additional 461,748 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in Vita Coco in the second quarter worth about $9,859,000. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Vita Coco by 143.0% during the third quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after buying an additional 200,940 shares during the period. 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.