Jonathan Burth Sells 912 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 912 shares of the 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 transaction, the chief operating officer now directly owns 104,108 shares in the company, valued at $3,907,173.24. The trade was a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $35.69, for a total transaction 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 transaction 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 stock was sold at an average price of $30.01, for a total value of $67,342.44.

Vita Coco Trading Down 0.1 %

COCO opened at $35.64 on Friday. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $37.88. The business’s fifty day simple moving average is $33.77 and its 200-day simple moving average is $29.45. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 2.42 and a beta of 0.31.

Vita Coco (NASDAQ:COCO) last announced its earnings results 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. 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 for the quarter, compared to analysts’ expectations of $138.56 million. During the same quarter last year, the firm earned $0.26 EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities research analysts predict that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on COCO. Craig Hallum boosted their target price on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Vita Coco has a consensus rating of “Moderate Buy” and a consensus price target of $32.14.

Institutional Investors Weigh In On Vita Coco

Large investors have recently made changes to their positions in the stock. nVerses Capital LLC lifted its position in Vita Coco by 271.4% during the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock worth $72,000 after acquiring an additional 1,900 shares during the period. Quest Partners LLC increased its holdings in Vita Coco by 16,538.1% in the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after buying an additional 3,473 shares during the period. ProShare Advisors LLC acquired a new stake in Vita Coco during the 2nd quarter valued at approximately $141,000. 1620 Investment Advisors Inc. acquired a new stake in Vita Coco during the 2nd quarter valued at approximately $150,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Vita Coco by 25.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock worth $199,000 after acquiring an additional 1,434 shares during the period. 88.49% of the stock is owned by hedge funds and other institutional investors.

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.