Vita Coco (NASDAQ:COCO) Reaches New 12-Month High at $17.48

The Vita Coco Company, Inc. (NASDAQ:COCO – Get Rating)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $17.48 and last traded at $17.37, with a volume of 26609 shares. The stock had previously closed at $16.67.

Wall Street Analyst Weigh In

Several research firms have recently commented on COCO. Wells Fargo & Company upped their price target on shares of Vita Coco from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Piper Sandler upped their price target on shares of Vita Coco from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, December 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vita Coco currently has an average rating of “Buy” and an average price target of $15.00.

Vita Coco Stock Up 1.2 %

The stock’s 50-day moving average is $14.38 and its 200-day moving average is $13.15. The stock has a market cap of $956.79 million, a P/E ratio of 131.63, a price-to-earnings-growth ratio of 1.26 and a beta of 0.10. The company has a current ratio of 2.93, a quick ratio of 1.79 and a debt-to-equity ratio of 0.07.

Insider Activity at Vita Coco

In related news, Director Ira Liran bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was purchased at an average price of $12.17 per share, for a total transaction of $121,700.00. Following the transaction, the director now directly owns 685,252 shares of the company’s stock, valued at approximately $8,339,516.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Vita Coco news, COO Jonathan Burth sold 8,000 shares of the company’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $12.71, for a total value of $101,680.00. Following the completion of the sale, the chief operating officer now directly owns 186,007 shares of the company’s stock, valued at approximately $2,364,148.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ira Liran purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 13th. The stock was acquired at an average cost of $12.17 per share, with a total value of $121,700.00. Following the completion of the acquisition, the director now directly owns 685,252 shares in the company, valued at approximately $8,339,516.84. The disclosure for this purchase can be found here. 51.50% of the stock is currently owned by insiders.

Institutional Trading of Vita Coco

Hedge funds have recently bought and sold shares of the company. Legal & General Group Plc lifted its stake in Vita Coco by 154.1% during the second quarter. Legal & General Group Plc now owns 3,008 shares of the company’s stock valued at $29,000 after buying an additional 1,824 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Vita Coco during the first quarter valued at about $33,000. Allspring Global Investments Holdings LLC lifted its stake in Vita Coco by 681.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,135 shares of the company’s stock valued at $58,000 after buying an additional 4,478 shares in the last quarter. State of Wyoming purchased a new stake in Vita Coco during the fourth quarter valued at about $71,000. Finally, JPMorgan Chase & Co. lifted its stake in Vita Coco by 25.2% during the first quarter. JPMorgan Chase & Co. now owns 5,268 shares of the company’s stock valued at $47,000 after buying an additional 1,062 shares in the last quarter. 24.07% of the stock is owned by hedge funds and other institutional investors.

Vita Coco Company Profile

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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, and the Asia Pacific. The company offers coconut oil and coconut milk; Hydration Drink Mix, a powdered form of flavored coconut water; sparkling water; Runa, a plant-based energy drink; purified water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.