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The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Chairman Michael Kirban sold 6,900 shares of the firm's stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $25.00, for a total transaction of $172,500.00. Following the transaction, the chairman now owns 633,448 shares of the company's stock, valued at $15,836,200. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Michael Kirban also recently made the following trade(s):
- On Thursday, March 21st, Michael Kirban sold 2,562 shares of Vita Coco stock. The shares were sold at an average price of $25.05, for a total transaction of $64,178.10.
- On Tuesday, March 19th, Michael Kirban sold 19,198 shares of Vita Coco stock. The shares were sold at an average price of $25.01, for a total transaction of $480,141.98.
Vita Coco Price Performance
Vita Coco stock opened at $26.23 on Friday. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $33.29. The stock has a market capitalization of $1.49 billion, a P/E ratio of 32.79, a P/E/G ratio of 2.05 and a beta of 0.16. The firm's 50-day moving average is $23.18 and its two-hundred day moving average is $25.27.
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Vita Coco (NASDAQ:COCO - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Vita Coco had a net margin of 9.45% and a return on equity of 24.27%. The company had revenue of $106.10 million for the quarter, compared to analysts' expectations of $99.63 million. During the same period last year, the company earned $0.04 EPS. The firm's revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, analysts forecast that The Vita Coco Company, Inc. will post 0.92 EPS for the current year.
Institutional Investors Weigh In On Vita Coco
Several hedge funds have recently modified their holdings of the stock. Syon Capital LLC acquired a new stake in shares of Vita Coco in the fourth quarter worth approximately $113,931,000. FMR LLC boosted its position in shares of Vita Coco by 72.3% in the third quarter. FMR LLC now owns 2,384,817 shares of the company's stock worth $62,101,000 after acquiring an additional 1,000,408 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Vita Coco by 9.7% in the fourth quarter. Vanguard Group Inc. now owns 2,144,430 shares of the company's stock worth $55,005,000 after acquiring an additional 189,355 shares during the last quarter. BlackRock Inc. boosted its position in shares of Vita Coco by 12.9% in the second quarter. BlackRock Inc. now owns 1,997,803 shares of the company's stock worth $53,681,000 after acquiring an additional 228,678 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in shares of Vita Coco by 41.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,042,656 shares of the company's stock worth $27,151,000 after acquiring an additional 304,659 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Stephens upgraded shares of Vita Coco from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a report on Thursday, February 29th. The Goldman Sachs Group dropped their target price on shares of Vita Coco from $32.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, January 30th. William Blair downgraded shares of Vita Coco from an "outperform" rating to a "market perform" rating in a report on Monday, January 22nd. Piper Sandler raised their price target on shares of Vita Coco from $24.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, February 29th. Finally, TheStreet cut shares of Vita Coco from a "b-" rating to a "c+" rating in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Vita Coco has a consensus rating of "Moderate Buy" and an average price target of $29.71.
View Our Latest Stock Analysis on COCO
About Vita Coco
(
Get Free Report)
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.
Further Reading
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