The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Sells $179,250.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $35.85, for a total value of $179,250.00. Following the completion of the sale, the chief executive officer now directly owns 452,452 shares of the company’s stock, valued at approximately $16,220,404.20. This represents a 1.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Vita Coco Stock Performance

Shares of Vita Coco stock opened at $33.85 on Friday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.22 and a beta of 0.22. The Vita Coco Company, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $36.41. The stock has a 50 day moving average of $29.54 and a 200 day moving average of $27.77.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $138.56 million. During the same period last year, the business posted $0.26 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts forecast that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on COCO. Jefferies Financial Group cut their price target on Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Craig Hallum increased their price target on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors LP boosted its position 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 worth $67,972,000 after buying an additional 1,799,168 shares during the period. Captrust Financial Advisors boosted its position in shares of Vita Coco by 7.2% during the third quarter. Captrust Financial Advisors now owns 21,291 shares of the company’s stock worth $603,000 after buying an additional 1,433 shares during the period. Woodson Capital Management LP purchased a new position in shares of Vita Coco during the third quarter worth $19,224,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Vita Coco by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock worth $199,000 after buying an additional 1,434 shares during the period. Finally, DRW Securities LLC purchased a new position in shares of Vita Coco during the third quarter worth $366,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

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.