The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Sells $10,515.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $35.05, for a total value of $10,515.00. Following the sale, the chief executive officer now directly owns 442,152 shares in the company, valued at $15,497,427.60. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Vita Coco Trading Up 0.5 %

Shares of COCO opened at $34.02 on Friday. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $36.41. The company’s fifty day simple moving average is $29.90 and its 200-day simple moving average is $27.87. The company has a market cap of $1.93 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.22 and a beta of 0.22.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. Vita Coco’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. Analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently bought and sold shares of COCO. Wasatch Advisors LP increased its stake in shares of Vita Coco by 299.0% during the third quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after buying an additional 1,799,168 shares during the period. Champlain Investment Partners LLC bought a new position in Vita Coco during the 1st quarter worth about $18,210,000. Woodson Capital Management LP purchased a new position in Vita Coco during the 3rd quarter valued at about $19,224,000. Victory Capital Management Inc. raised its holdings in shares of Vita Coco by 106.4% in the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after purchasing an additional 461,748 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Vita Coco in the 2nd quarter worth approximately $9,859,000. 88.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COCO. Jefferies Financial Group decreased their price target on shares of Vita Coco from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Craig Hallum upped their target price on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

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.