Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Sells 364 Shares of Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Jane Prior sold 364 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $30.00, for a total transaction of $10,920.00. Following the completion of the transaction, the chief marketing officer now owns 131,834 shares of the company’s stock, valued at $3,955,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 14th, Jane Prior sold 2,935 shares of Vita Coco stock. The stock was sold at an average price of $30.06, for a total value of $88,226.10.

Vita Coco Trading Down 2.9 %

COCO opened at $29.03 on Thursday. The Vita Coco Company, Inc. has a 12 month low of $19.41 and a 12 month high of $33.29. The business’s 50-day moving average price is $26.58 and its 200-day moving average price is $25.04. The company has a market cap of $1.65 billion, a P/E ratio of 31.55, a P/E/G ratio of 1.83 and a beta of 0.26.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Vita Coco had a return on equity of 26.27% and a net margin of 10.93%. The business had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $111.72 million. During the same period in the previous year, the firm earned $0.12 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that The Vita Coco Company, Inc. will post 1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Stephens reissued an “overweight” rating and set a $31.00 price objective on shares of Vita Coco in a report on Thursday, May 23rd. Piper Sandler increased their price target on shares of Vita Coco from $24.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Vita Coco currently has a consensus rating of “Moderate Buy” and an average price target of $29.67.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cim LLC bought a new stake in Vita Coco in the 1st quarter worth $210,000. Comerica Bank boosted its holdings in shares of Vita Coco by 1,155.7% during the first quarter. Comerica Bank now owns 3,993 shares of the company’s stock worth $98,000 after purchasing an additional 3,675 shares during the period. California State Teachers Retirement System grew its stake in shares of Vita Coco by 14.3% in the first quarter. California State Teachers Retirement System now owns 37,001 shares of the company’s stock worth $904,000 after purchasing an additional 4,634 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Vita Coco in the first quarter worth about $305,000. Finally, Janus Henderson Group PLC increased its holdings in Vita Coco by 126.9% during the 1st quarter. Janus Henderson Group PLC now owns 30,131 shares of the company’s stock valued at $736,000 after purchasing an additional 16,854 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.