The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Ira Liran sold 20,235 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the sale, the director now directly owns 814,302 shares of the company's stock, valued at approximately $32,629,081.14. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Ira Liran also recently made the following trade(s):
- On Wednesday, February 19th, Ira Liran sold 1,723 shares of Vita Coco stock. The shares were sold at an average price of $40.02, for a total transaction of $68,954.46.
- On Wednesday, February 12th, Ira Liran sold 300 shares of Vita Coco stock. The shares were sold at an average price of $40.02, for a total transaction of $12,006.00.
- On Thursday, December 19th, Ira Liran sold 30,000 shares of Vita Coco stock. The shares were sold at an average price of $35.58, for a total transaction of $1,067,400.00.
Vita Coco Stock Performance
Shares of COCO stock traded up $0.08 during mid-day trading on Friday, reaching $37.58. The company's stock had a trading volume of 718,167 shares, compared to its average volume of 566,669. The Vita Coco Company, Inc. has a 1-year low of $20.64 and a 1-year high of $40.32. The company has a market cap of $2.13 billion, a P/E ratio of 37.96, a PEG ratio of 2.38 and a beta of 0.30. The firm's 50-day moving average is $36.71 and its two-hundred day moving average is $32.30.
Analyst Upgrades and Downgrades
Several research firms recently commented on COCO. Bank of America upped their target price on shares of Vita Coco from $30.00 to $38.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Wells Fargo & Company upped their target price on shares of Vita Coco from $33.00 to $40.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Stephens cut shares of Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 target price for the company. in a research note on Monday, January 27th. Finally, Craig Hallum increased their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.83.
Check Out Our Latest Stock Analysis on COCO
Hedge Funds Weigh In On Vita Coco
A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $29,000 after purchasing an additional 360 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in shares of Vita Coco by 91.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company's stock worth $47,000 after purchasing an additional 613 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Vita Coco during the 4th quarter worth about $52,000. Venturi Wealth Management LLC acquired a new stake in shares of Vita Coco during the 4th quarter worth about $66,000. Finally, Quest Partners LLC increased its position in shares of Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company's stock worth $99,000 after purchasing an additional 3,473 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.
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
Before you consider Vita Coco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vita Coco wasn't on the list.
While Vita Coco currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
