The Vita Coco Company, Inc. (NASDAQ:COCO) Insider Es Charles Van Sells 6,700 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) insider Es Charles Van sold 6,700 shares of Vita Coco stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $30.04, for a total value of $201,268.00. Following the completion of the transaction, the insider now directly owns 97,668 shares in the company, valued at $2,933,946.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, June 14th, Es Charles Van sold 2,805 shares of Vita Coco stock. The shares were sold at an average price of $30.06, for a total value of $84,318.30.

Vita Coco Stock Down 2.9 %

Shares of COCO opened at $29.03 on Wednesday. The business’s 50 day moving average is $26.51 and its two-hundred day moving average is $25.01. The Vita Coco Company, Inc. has a 52-week low of $19.41 and a 52-week high of $33.29. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.86 and a beta of 0.26.

Vita Coco (NASDAQ:COCO) last announced 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. 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 period in the prior year, the company posted $0.12 EPS. Vita Coco’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that The Vita Coco Company, Inc. will post 1.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors have recently made changes to their positions in the business. Headinvest LLC bought a new stake in shares of Vita Coco in the 3rd quarter valued at approximately $29,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Vita Coco in the 4th quarter valued at approximately $60,000. New York State Teachers Retirement System bought a new stake in shares of Vita Coco in the 1st quarter valued at approximately $63,000. PNC Financial Services Group Inc. increased its holdings in shares of Vita Coco by 1,289.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,459 shares of the company’s stock valued at $89,000 after acquiring an additional 3,210 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Vita Coco by 32.3% in the 1st quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock valued at $92,000 after acquiring an additional 919 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.