The Vita Coco Company, Inc. (NASDAQ:COCO) Director Kenneth Sadowsky Buys 5,000 Shares

The Vita Coco Company, Inc. (NASDAQ:COCOGet Rating) Director Kenneth Sadowsky acquired 5,000 shares of Vita Coco stock in a transaction on Friday, November 18th. The shares were purchased at an average price of $10.50 per share, for a total transaction of $52,500.00. Following the completion of the purchase, the director now directly owns 623,383 shares of the company’s stock, valued at $6,545,521.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Kenneth Sadowsky also recently made the following trade(s):

  • On Tuesday, November 22nd, Kenneth Sadowsky purchased 5,000 shares of Vita Coco stock. The shares were purchased at an average cost of $10.53 per share, with a total value of $52,650.00.

Vita Coco Stock Performance

NASDAQ COCO opened at $11.53 on Friday. The firm’s fifty day moving average price is $11.20 and its two-hundred day moving average price is $11.89. The stock has a market cap of $644.76 million and a PE ratio of 88.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 2.93. The Vita Coco Company, Inc. has a fifty-two week low of $7.39 and a fifty-two week high of $16.57.

Institutional Investors Weigh In On Vita Coco

Hedge funds and other institutional investors have recently bought and sold shares of the company. Granahan Investment Management LLC raised its position in Vita Coco by 30.5% in the first quarter. Granahan Investment Management LLC now owns 2,450,435 shares of the company’s stock valued at $21,956,000 after purchasing an additional 573,227 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Vita Coco by 128.6% in the third quarter. Lord Abbett & CO. LLC now owns 1,693,436 shares of the company’s stock valued at $19,288,000 after buying an additional 952,740 shares during the period. BlackRock Inc. increased its stake in shares of Vita Coco by 11.8% in the third quarter. BlackRock Inc. now owns 1,610,485 shares of the company’s stock valued at $18,344,000 after buying an additional 169,375 shares during the period. TimesSquare Capital Management LLC raised its holdings in Vita Coco by 26.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,400,450 shares of the company’s stock valued at $13,710,000 after buying an additional 292,350 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Vita Coco by 28.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,321,632 shares of the company’s stock worth $15,053,000 after buying an additional 291,757 shares during the period. Institutional investors own 22.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Credit Suisse Group boosted their price objective on shares of Vita Coco from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. Wells Fargo & Company dropped their price objective on Vita Coco from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, November 10th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $14.00.

About Vita Coco

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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.

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