Vita Coco (NASDAQ:COCO) Director Ira Liran Sells 40,000 Shares of Stock

Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 40,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $45.58, for a total value of $1,823,200.00. Following the sale, the director directly owned 558,341 shares of the company’s stock, valued at $25,449,182.78. This represents a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ira Liran also recently made the following trade(s):

• On Wednesday, September 17th, Ira Liran sold 50,000 shares of Vita Coco stock. The shares were sold at an average price of $42.00, for a total value of $2,100,000.00.
• On Friday, September 12th, Ira Liran sold 40,000 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total value of $1,600,400.00.
• On Thursday, September 4th, Ira Liran sold 2,114 shares of Vita Coco stock. The shares were sold at an average price of $37.00, for a total value of $78,218.00.
• On Wednesday, September 3rd, Ira Liran sold 14,734 shares of Vita Coco stock. The shares were sold at an average price of $37.05, for a total value of $545,894.70.
• On Friday, August 22nd, Ira Liran sold 3,152 shares of Vita Coco stock. The shares were sold at an average price of $37.02, for a total value of $116,687.04.

Vita Coco Price Performance

COCO stock opened at $41.18 on Friday. The business has a fifty day moving average price of $39.91 and a 200 day moving average price of $36.67. Vita Coco Company, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $48.67. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 35.81, a P/E/G ratio of 2.75 and a beta of 0.40.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. Vita Coco had a return on equity of 25.08% and a net margin of 11.35%.The firm had revenue of $182.31 million during the quarter, compared to analysts’ expectations of $154.96 million. During the same period last year, the firm posted $0.32 EPS. The business’s revenue was up 37.2% on a year-over-year basis. Vita Coco has set its FY 2025 guidance at EPS. 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

Several hedge funds and other institutional investors have recently made changes to their positions in COCO. Wilmington Savings Fund Society FSB bought a new position in shares of Vita Coco in the 3rd quarter worth $62,815,000. Voya Investment Management LLC boosted its position in shares of Vita Coco by 3,376.9% in the 1st quarter. Voya Investment Management LLC now owns 586,969 shares of the company’s stock worth $17,991,000 after purchasing an additional 570,087 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Vita Coco in the 2nd quarter worth $9,627,000. Wellington Management Group LLP boosted its position in shares of Vita Coco by 102.2% in the 1st quarter. Wellington Management Group LLP now owns 511,462 shares of the company’s stock worth $15,676,000 after purchasing an additional 258,521 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Vita Coco by 62.2% in the 1st quarter. Victory Capital Management Inc. now owns 645,225 shares of the company’s stock worth $19,776,000 after purchasing an additional 247,339 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on COCO. Piper Sandler set a $47.00 target price on Vita Coco and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley lifted their target price on Vita Coco from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Evercore ISI lifted their target price on Vita Coco from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America lifted their target price on Vita Coco from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Vita Coco in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.29.

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.