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 the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $36.37, for a total value of $181,850.00. Following the completion of the transaction, the chief executive officer now directly owns 337,152 shares in the company, valued at $12,262,218.24. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vita Coco Price Performance

NASDAQ:COCO opened at $35.64 on Friday. The stock has a market cap of $2.02 billion, a P/E ratio of 36.00, a PEG ratio of 2.42 and a beta of 0.31. The company has a fifty day moving average price of $33.77 and a 200 day moving average price of $29.45. The Vita Coco Company, Inc. has a one year low of $19.41 and a one year high of $37.88.

Vita Coco (NASDAQ:COCO) last released its 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. The business had revenue of $133.00 million for the quarter, compared to the consensus estimate of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. As a group, equities research analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COCO. Craig Hallum lifted their price target 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. Bank of America raised their target price on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.14.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of COCO. nVerses Capital LLC boosted its stake in 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 buying an additional 1,900 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after acquiring an additional 3,473 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Vita Coco during the 2nd quarter valued at about $141,000. 1620 Investment Advisors Inc. bought a new stake in Vita Coco in the second quarter valued at about $150,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Vita Coco by 25.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock worth $199,000 after purchasing an additional 1,434 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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.