Vita Coco Company, Inc. (NASDAQ:COCO) Insider Es Charles Van Sells 10,000 Shares

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) insider Es Charles Van sold 10,000 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $38.02, for a total value of $380,200.00. Following the sale, the insider directly owned 94,127 shares in the company, valued at approximately $3,578,708.54. This represents a 9.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Vita Coco Stock Down 0.3%

Shares of NASDAQ COCO traded down $0.13 during midday trading on Friday, hitting $37.06. 398,332 shares of the company's stock were exchanged, compared to its average volume of 615,308. Vita Coco Company, Inc. has a 12 month low of $23.56 and a 12 month high of $40.32. The company's 50 day moving average price is $35.44 and its 200 day moving average price is $34.73. The firm has a market capitalization of $2.10 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.96 and a beta of 0.37.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $130.92 million during the quarter, compared to the consensus estimate of $125.64 million. Vita Coco had a return on equity of 25.08% and a net margin of 11.32%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. On average, equities research analysts anticipate that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Trading of Vita Coco

Institutional investors have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its holdings in Vita Coco by 9.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock valued at $152,000 after acquiring an additional 347 shares in the last quarter. US Bancorp DE grew its position in Vita Coco by 7.5% during the 1st quarter. US Bancorp DE now owns 5,247 shares of the company's stock worth $161,000 after acquiring an additional 364 shares during the last quarter. CWM LLC grew its position in shares of Vita Coco by 14.7% in the 1st quarter. CWM LLC now owns 2,868 shares of the company's stock valued at $88,000 after buying an additional 367 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Vita Coco by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 43,809 shares of the company's stock valued at $1,343,000 after buying an additional 521 shares during the last quarter. Finally, Credit Agricole S A grew its position in shares of Vita Coco by 1.5% in the 1st quarter. Credit Agricole S A now owns 36,140 shares of the company's stock valued at $1,108,000 after buying an additional 521 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Wells Fargo & Company increased their price objective on Vita Coco from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. The Goldman Sachs Group set a $41.00 price objective on Vita Coco and gave the stock a "buy" rating in a report on Wednesday, April 30th. Stephens restated an "equal weight" rating and issued a $32.00 price target on shares of Vita Coco in a research note on Thursday, March 27th. Finally, Evercore ISI raised their price target on Vita Coco from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.88.

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.