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

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $36.53, for a total transaction of $182,650.00. Following the completion of the transaction, the chief executive officer now directly owns 357,152 shares of the company’s stock, valued at $13,046,762.56. This trade represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Vita Coco Trading Up 0.1 %

COCO opened at $36.72 on Friday. The company’s 50 day moving average is $32.96 and its 200 day moving average is $29.15. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 2.42 and a beta of 0.31. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $37.88.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. The firm had revenue of $133.00 million for the quarter, compared to analysts’ expectations of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share. As a group, analysts predict that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. nVerses Capital LLC raised its position in Vita Coco by 271.4% during the second quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after purchasing an additional 1,900 shares during the period. CWM LLC boosted its stake in shares of Vita Coco by 40.7% during the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock worth $76,000 after purchasing an additional 787 shares during the period. Comerica Bank grew its holdings in Vita Coco by 1,155.7% during the 1st quarter. Comerica Bank now owns 3,993 shares of the company’s stock valued at $98,000 after purchasing an additional 3,675 shares during the last quarter. Quest Partners LLC grew its holdings in Vita Coco by 16,538.1% during the 3rd 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 last quarter. Finally, ProShare Advisors LLC purchased a new stake in Vita Coco in the 2nd quarter worth about $141,000. Institutional investors own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Craig Hallum raised their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.14.

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.