The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Jane Prior Sells 364 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Jane Prior sold 364 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $30.00, for a total value of $10,920.00. Following the transaction, the chief marketing officer now directly owns 131,834 shares of the company’s stock, valued at $3,955,020. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $30.06, for a total value of $88,226.10.

Vita Coco Stock Down 2.9 %

COCO opened at $29.03 on Wednesday. The stock has a fifty day moving average of $26.51 and a 200-day moving average of $25.01. The firm has a market capitalization of $1.65 billion, a P/E ratio of 31.55, a PEG ratio of 1.86 and a beta of 0.26. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $33.29.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $112.00 million during the quarter, compared to analyst estimates of $111.72 million. Vita Coco had a return on equity of 26.27% and a net margin of 10.93%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, analysts expect that The Vita Coco Company, Inc. will post 1.04 earnings per share for the current fiscal year.

Institutional Trading of Vita Coco

Several hedge funds and other institutional investors have recently modified their holdings of COCO. Headinvest LLC purchased a new stake in shares of Vita Coco during the third quarter worth $29,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Vita Coco during the fourth quarter worth $60,000. New York State Teachers Retirement System purchased a new stake in shares of Vita Coco during the first quarter worth $63,000. PNC Financial Services Group Inc. raised its holdings in shares of Vita Coco by 1,289.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,459 shares of the company’s stock worth $89,000 after acquiring an additional 3,210 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Vita Coco by 32.3% during the first quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock worth $92,000 after acquiring an additional 919 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.