Jonathan Burth Sells 3,173 Shares of Vita Coco (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 3,173 shares of Vita Coco stock in a transaction on Monday, September 29th. The stock was sold at an average price of $42.50, for a total transaction of $134,852.50. Following the sale, the chief operating officer directly owned 76,127 shares of the company’s stock, valued at $3,235,397.50. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jonathan Burth also recently made the following trade(s):

• On Wednesday, September 17th, Jonathan Burth sold 16,827 shares of Vita Coco stock. The shares were sold at an average price of $42.55, for a total value of $715,988.85.
• On Friday, September 12th, Jonathan Burth sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $40.00, for a total value of $400,000.00.

Vita Coco Trading Up 0.7%

Shares of Vita Coco stock opened at $42.71 on Friday. The firm has a market capitalization of $2.43 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 2.25 and a beta of 0.40. Vita Coco Company, Inc. has a 12 month low of $25.79 and a 12 month high of $43.28. The business’s 50-day moving average price is $36.98 and its 200-day moving average price is $35.17.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Vita Coco had a return on equity of 24.99% and a net margin of 11.50%.The company had revenue of $168.76 million during the quarter, compared to the consensus estimate of $162.20 million. During the same quarter in the previous year, the company posted $0.32 EPS. Vita Coco’s quarterly revenue was up 17.1% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. As a group, analysts predict that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vita Coco

Hedge funds have recently made changes to their positions in the business. MAI Capital Management purchased a new stake in Vita Coco in the second quarter worth $33,000. EverSource Wealth Advisors LLC lifted its position in shares of Vita Coco by 5,376.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $49,000 after purchasing an additional 1,344 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Vita Coco during the 2nd quarter valued at about $50,000. CWM LLC increased its position in shares of Vita Coco by 14.7% during the first 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 period. Finally, Amitell Capital Pte Ltd bought a new position in Vita Coco in the second quarter worth about $114,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COCO has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Vita Coco from $41.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC assumed coverage on Vita Coco in a report on Wednesday, September 24th. They issued a “hold” rating on the stock. Piper Sandler raised Vita Coco from a “neutral” rating to an “overweight” rating and set a $39.00 target price for the company in a research note on Wednesday, August 20th. Wall Street Zen lowered Vita Coco from a “buy” rating to a “hold” rating in a research report on Saturday, June 7th. Finally, Wells Fargo & Company boosted their price objective on Vita Coco from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.75.

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.