The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Sells $177,700.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $35.54, for a total transaction of $177,700.00. Following the transaction, the chief executive officer now directly owns 392,152 shares of the company’s stock, valued at $13,937,082.08. The trade was a 1.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Vita Coco Stock Up 1.0 %

Vita Coco stock traded up $0.34 during trading hours on Tuesday, reaching $35.73. 204,037 shares of the company’s stock were exchanged, compared to its average volume of 609,149. The firm’s 50 day simple moving average is $31.74 and its 200 day simple moving average is $28.63. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $37.05. The firm has a market capitalization of $2.03 billion, a PE ratio of 35.75, a PEG ratio of 2.32 and a beta of 0.31.

Vita Coco (NASDAQ:COCO) last posted 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. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm had revenue of $133.00 million for the quarter, compared to analysts’ expectations of $138.56 million. During the same period in the prior year, the business earned $0.26 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Hedge Funds Weigh In On Vita Coco

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC grew its position in Vita Coco by 40.7% during the second quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after buying an additional 787 shares during the period. Arizona State Retirement System grew its stake in shares of Vita Coco by 9.5% during the 2nd quarter. Arizona State Retirement System now owns 11,107 shares of the company’s stock worth $309,000 after acquiring an additional 960 shares during the period. US Bancorp DE increased its holdings in Vita Coco by 8.5% in the 3rd quarter. US Bancorp DE now owns 14,968 shares of the company’s stock worth $424,000 after acquiring an additional 1,178 shares during the last quarter. Captrust Financial Advisors raised its stake in Vita Coco by 7.2% in the 3rd quarter. Captrust Financial Advisors now owns 21,291 shares of the company’s stock valued at $603,000 after acquiring an additional 1,433 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Vita Coco by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock valued at $199,000 after purchasing an additional 1,434 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

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.