Vita Coco (NASDAQ:COCO) Insider Es Charles Van Sells 8,045 Shares

Vita Coco Company, Inc. (NASDAQ:COCO) insider Es Charles Van sold 8,045 shares of Vita Coco stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $75.05, for a total value of $603,777.25. Following the completion of the sale, the insider owned 59,085 shares in the company, valued at approximately $4,434,329.25. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 8th, Es Charles Van sold 8,561 shares of Vita Coco stock. The shares were sold at an average price of $70.00, for a total value of $599,270.00.
• On Friday, May 1st, Es Charles Van sold 2,000 shares of Vita Coco stock. The shares were sold at an average price of $66.87, for a total value of $133,740.00.
• On Wednesday, April 1st, Es Charles Van sold 2,000 shares of Vita Coco stock. The shares were sold at an average price of $48.67, for a total value of $97,340.00.
• On Monday, March 16th, Es Charles Van sold 2,000 shares of Vita Coco stock. The shares were sold at an average price of $57.98, for a total value of $115,960.00.

Vita Coco Price Performance

Vita Coco stock opened at $74.45 on Wednesday. The stock’s 50 day moving average price is $60.46 and its 200 day moving average price is $56.10. The company has a market cap of $4.25 billion, a PE ratio of 54.34, a price-to-earnings-growth ratio of 1.80 and a beta of 0.74. Vita Coco Company, Inc. has a 1-year low of $31.79 and a 1-year high of $79.70.

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, April 29th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The company had revenue of $179.77 million for the quarter, compared to the consensus estimate of $148.39 million. Vita Coco had a return on equity of 25.43% and a net margin of 12.59%.Vita Coco’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. On average, equities research analysts anticipate that Vita Coco Company, Inc. will post 1.76 EPS for the current fiscal year.

Institutional Trading of Vita Coco

Several institutional investors and hedge funds have recently made changes to their positions in COCO. Caitong International Asset Management Co. Ltd lifted its position in shares of Vita Coco by 2,636.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock valued at $28,000 after acquiring an additional 501 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Vita Coco by 22,500.0% in the third quarter. Clearstead Advisors LLC now owns 678 shares of the company’s stock valued at $29,000 after acquiring an additional 675 shares in the last quarter. Quarry LP lifted its position in shares of Vita Coco by 12,633.3% in the third quarter. Quarry LP now owns 764 shares of the company’s stock valued at $32,000 after acquiring an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Vita Coco by 5,376.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after acquiring an additional 1,344 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Vita Coco by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock valued at $60,000 after acquiring an additional 227 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler reiterated an “overweight” rating and set a $70.00 target price on shares of Vita Coco in a research report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $71.00 target price on shares of Vita Coco in a research report on Thursday, April 30th. Zacks Research upgraded Vita Coco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Jefferies Financial Group boosted their target price on Vita Coco from $63.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Evercore reiterated an “outperform” rating and set a $70.00 target price on shares of Vita Coco in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

Vita Coco Company Profile

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.