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 that occurred on Monday, July 7th. The stock was sold at an average price of $38.02, for a total transaction of $380,200.00. Following the transaction, the insider directly owned 94,127 shares of the company's stock, valued at $3,578,708.54. This represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Vita Coco Price Performance

Shares of NASDAQ COCO traded down $0.80 during trading on Wednesday, hitting $36.76. The stock had a trading volume of 491,056 shares, compared to its average volume of 619,108. Vita Coco Company, Inc. has a 12 month low of $23.56 and a 12 month high of $40.32. The company has a market capitalization of $2.09 billion, a PE ratio of 36.40, a PEG ratio of 2.03 and a beta of 0.37. The firm has a fifty day moving average of $35.23 and a two-hundred day moving average of $34.71.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Coppell Advisory Solutions LLC boosted its stake in shares of Vita Coco by 91.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company's stock valued at $47,000 after purchasing an additional 613 shares during the period. CWM LLC lifted its stake in Vita Coco by 14.7% in the first quarter. CWM LLC now owns 2,868 shares of the company's stock worth $88,000 after acquiring an additional 367 shares during the period. Militia Capital Partners LP lifted its stake in Vita Coco by 60.0% in the first quarter. Militia Capital Partners LP now owns 3,200 shares of the company's stock worth $98,000 after acquiring an additional 1,200 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Vita Coco during the first quarter valued at $111,000. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Vita Coco by 9.2% during the fourth 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. 88.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Evercore ISI raised their price target on shares of Vita Coco from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. 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. The Goldman Sachs Group set a $41.00 target price on shares of Vita Coco and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on shares of Vita Coco from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Finally, Wall Street Zen lowered shares of Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Vita Coco presently has an average rating of "Moderate Buy" and an average target price 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.

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