Ira Liran Sells 6,915 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 6,915 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $25.00, for a total value of $172,875.00. Following the sale, the director now owns 985,729 shares in the company, valued at $24,643,225. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, March 21st, Ira Liran sold 2,780 shares of Vita Coco stock. The stock was sold at an average price of $25.04, for a total value of $69,611.20.
• On Tuesday, March 19th, Ira Liran sold 13,998 shares of Vita Coco stock. The stock was sold at an average price of $25.02, for a total value of $350,229.96.

Vita Coco Stock Performance

Shares of NASDAQ COCO opened at $26.23 on Friday. The stock has a fifty day moving average price of $23.18 and a two-hundred day moving average price of $25.26. The firm has a market cap of $1.49 billion, a P/E ratio of 32.79, a PEG ratio of 2.05 and a beta of 0.16. The Vita Coco Company, Inc. has a 1 year low of $19.41 and a 1 year high of $33.29.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $106.10 million during the quarter, compared to analyst estimates of $99.63 million. Vita Coco had a return on equity of 24.27% and a net margin of 9.45%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.04 EPS. On average, research analysts predict that The Vita Coco Company, Inc. will post 0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their price objective on 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 lowered Vita Coco from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Piper Sandler increased their price objective on Vita Coco from $24.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. TheStreet lowered Vita Coco from a “b-” rating to a “c+” rating in a report on Monday, January 22nd. Finally, Stephens raised Vita Coco from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.71.

Institutional Investors Weigh In On Vita Coco

Large investors have recently modified their holdings of the stock. Headinvest LLC bought a new stake in shares of Vita Coco during the 3rd quarter worth $29,000. Legal & General Group Plc boosted its stake in shares of Vita Coco by 154.1% during the 2nd quarter. Legal & General Group Plc now owns 3,008 shares of the company’s stock worth $29,000 after acquiring an additional 1,824 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Vita Coco during the 1st quarter worth $33,000. Tower Research Capital LLC TRC boosted its stake in shares of Vita Coco by 66.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,404 shares of the company’s stock worth $38,000 after acquiring an additional 560 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in shares of Vita Coco during the 2nd quarter worth $44,000. 88.49% of the stock is owned by institutional investors.

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.