The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper Sells 5,000 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $36.53, for a total transaction of $182,650.00. Following the transaction, the chief executive officer now owns 357,152 shares in the company, valued at $13,046,762.56. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vita Coco Trading Up 0.1 %

COCO traded up $0.05 on Friday, hitting $36.72. 306,381 shares of the company’s stock were exchanged, compared to its average volume of 602,888. The stock has a fifty day moving average of $32.96 and a two-hundred day moving average of $29.15. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $37.88. The firm has a market cap of $2.08 billion, a PE ratio of 37.09, a P/E/G ratio of 2.42 and a beta of 0.31.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share 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 business 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 firm earned $0.26 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts predict that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Investors Weigh In On Vita Coco

A number of hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC grew its position in shares of Vita Coco by 271.4% during the second quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock worth $72,000 after acquiring an additional 1,900 shares during the last quarter. CWM LLC boosted its stake in Vita Coco by 40.7% during the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after purchasing an additional 787 shares during the period. Comerica Bank grew its position in Vita Coco by 1,155.7% in the 1st quarter. Comerica Bank now owns 3,993 shares of the company’s stock worth $98,000 after purchasing an additional 3,675 shares during the last quarter. Quest Partners LLC increased its stake in shares of Vita Coco by 16,538.1% in the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after purchasing an additional 3,473 shares during the period. Finally, ProShare Advisors LLC bought a new position in Vita Coco in the 2nd quarter worth approximately $141,000. 88.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COCO has been the topic of a number of recent analyst reports. 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 note on Thursday, October 31st. Bank of America upped their price objective on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Vita Coco currently has a consensus rating of “Moderate Buy” and an average target price of $32.14.

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.