Ira Liran Sells 300 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Ira Liran sold 300 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $40.02, for a total value of $12,006.00. Following the transaction, the director now directly owns 853,429 shares in the company, valued at approximately $34,154,228.58. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, December 19th, Ira Liran sold 30,000 shares of Vita Coco stock. The stock was sold at an average price of $35.58, for a total value of $1,067,400.00.

Vita Coco Price Performance

Shares of COCO traded down $0.71 during mid-day trading on Tuesday, reaching $39.26. The company's stock had a trading volume of 305,002 shares, compared to its average volume of 531,013. The Vita Coco Company, Inc. has a 12-month low of $20.64 and a 12-month high of $40.32. The stock has a market cap of $2.23 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30. The company's 50 day moving average is $36.59 and its 200 day moving average is $32.13.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COCO. Stephens lowered Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 target price on the stock. in a research note on Monday, January 27th. Bank of America increased their price target on Vita Coco from $30.00 to $38.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Wells Fargo & Company increased their price target on Vita Coco from $33.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Finally, Craig Hallum increased their price target on Vita Coco from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.83.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP grew its stake in Vita Coco by 299.0% during the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company's stock worth $67,972,000 after buying an additional 1,799,168 shares during the last quarter. Woodson Capital Management LP purchased a new position in Vita Coco during the 3rd quarter worth approximately $19,224,000. Victory Capital Management Inc. grew its stake in Vita Coco by 106.4% during the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company's stock worth $25,358,000 after buying an additional 461,748 shares during the last quarter. Bank of America Corp DE grew its stake in Vita Coco by 382.2% during the 4th quarter. Bank of America Corp DE now owns 512,120 shares of the company's stock worth $18,902,000 after buying an additional 405,913 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its stake in Vita Coco by 77.3% during the 4th quarter. Driehaus Capital Management LLC now owns 854,617 shares of the company's stock worth $31,544,000 after buying an additional 372,633 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

Vita Coco Company Profile

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.