The Vita Coco Company, Inc. (NASDAQ:COCO) Insider Es Charles Van Sells 2,805 Shares of Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) insider Es Charles Van sold 2,805 shares of Vita Coco stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $30.06, for a total value of $84,318.30. Following the completion of the transaction, the insider now owns 97,668 shares of the company’s stock, valued at approximately $2,935,900.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Es Charles Van also recently made the following trade(s):

• On Monday, June 17th, Es Charles Van sold 6,700 shares of Vita Coco stock. The stock was sold at an average price of $30.04, for a total value of $201,268.00.

Vita Coco Price Performance

NASDAQ COCO opened at $29.03 on Wednesday. The stock’s 50 day simple moving average is $26.51 and its 200-day simple moving average is $25.01. The company has a market cap of $1.65 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.26. The Vita Coco Company, Inc. has a 1-year low of $19.41 and a 1-year high of $33.29.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.24 earnings per share for the quarter, beating 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 company had revenue of $112.00 million for the quarter, compared to analyst estimates of $111.72 million. During the same quarter last year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that The Vita Coco Company, Inc. will post 1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COCO. Stephens reaffirmed an “overweight” rating and set a $31.00 target price on shares of Vita Coco in a research note on Thursday, May 23rd. Piper Sandler boosted their price target on shares of Vita Coco from $24.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.67.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently bought and sold shares of COCO. Headinvest LLC acquired a new stake in Vita Coco in the 3rd quarter valued at about $29,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Vita Coco in the fourth quarter valued at approximately $60,000. New York State Teachers Retirement System acquired a new stake in shares of Vita Coco in the first quarter valued at approximately $63,000. PNC Financial Services Group Inc. lifted its position in 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 buying an additional 3,210 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in 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 buying an additional 919 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.