The Vita Coco Company, Inc. (NASDAQ:COCO) Director Sells $350,229.96 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCOGet Free Report) Director Ira Liran sold 13,998 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $25.02, for a total value of $350,229.96. Following the completion of the transaction, the director now owns 645,942 shares in the company, valued at $16,161,468.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vita Coco Price Performance

COCO opened at $24.53 on Friday. The stock’s 50 day simple moving average is $22.82 and its 200 day simple moving average is $25.56. The Vita Coco Company, Inc. has a 1 year low of $17.96 and a 1 year high of $33.29. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 1.98 and a beta of 0.19.

Vita Coco (NASDAQ:COCOGet Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $106.10 million for the quarter, compared to analyst estimates of $99.63 million. Vita Coco had a return on equity of 24.27% and a net margin of 9.45%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. As a group, sell-side analysts anticipate that The Vita Coco Company, Inc. will post 0.92 EPS for the current year.

Wall Street Analyst Weigh In

COCO has been the subject of several research reports. TheStreet lowered shares of Vita Coco from a “b-” rating to a “c+” rating in a research report on Monday, January 22nd. Piper Sandler upped their price objective on Vita Coco from $24.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Stephens upgraded Vita Coco from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research report on Thursday, February 29th. William Blair lowered Vita Coco from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Finally, The Goldman Sachs Group reduced their price objective on Vita Coco from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.71.

Check Out Our Latest Report on Vita Coco

Institutional Investors Weigh In On Vita Coco

A number of large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of Vita Coco by 1,289.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,459 shares of the company’s stock worth $89,000 after buying an additional 3,210 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Vita Coco by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 2,144,430 shares of the company’s stock valued at $55,005,000 after purchasing an additional 189,355 shares during the period. Syon Capital LLC purchased a new position in shares of Vita Coco in the 4th quarter valued at approximately $113,931,000. Virtu Financial LLC purchased a new position in shares of Vita Coco in the 4th quarter valued at approximately $352,000. Finally, Barclays PLC lifted its stake in shares of Vita Coco by 287.9% in the 4th quarter. Barclays PLC now owns 74,709 shares of the company’s stock valued at $1,916,000 after purchasing an additional 55,451 shares during the period. 42.33% of the stock is currently owned by institutional investors.

About Vita Coco

(Get Free Report)

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, and the Asia Pacific. The company offers coconut oil and coconut milk; juice, hydration mix, and milk; sparkling water; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.

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Insider Buying and Selling by Quarter for Vita Coco (NASDAQ:COCO)

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