The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Sells $91,587.48 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Jane Prior sold 2,474 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.02, for a total value of $91,587.48. Following the completion of the transaction, the chief marketing officer now owns 130,751 shares in the company, valued at $4,840,402.02. The trade was a 1.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jane Prior also recently made the following trade(s):

• On Wednesday, December 4th, Jane Prior sold 3,638 shares of Vita Coco stock. The stock was sold at an average price of $37.04, for a total transaction of $134,751.52.
• On Thursday, November 21st, Jane Prior sold 3,888 shares of Vita Coco stock. The shares were sold at an average price of $37.01, for a total transaction of $143,894.88.

Vita Coco Stock Performance

NASDAQ COCO opened at $36.72 on Monday. The Vita Coco Company, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $37.88. The stock has a market cap of $2.08 billion, a PE ratio of 37.09, a PEG ratio of 2.42 and a beta of 0.31. The firm’s fifty day moving average price is $33.12 and its two-hundred day moving average price is $29.25.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The business had revenue of $133.00 million during the quarter, compared to analysts’ expectations of $138.56 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Craig Hallum lifted their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Bank of America lifted their price target 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.14.

Institutional Investors Weigh In On Vita Coco

Hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its position in Vita Coco by 143.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after acquiring an additional 200,940 shares during the period. Raymond James & Associates acquired a new stake in Vita Coco in the third quarter valued at $3,990,000. Woodson Capital Management LP bought a new position in Vita Coco during the 3rd quarter worth $19,224,000. American Century Companies Inc. lifted its holdings in 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 buying an additional 23,761 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Vita Coco by 106.4% in the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after buying an additional 461,748 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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.