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

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

Vita Coco Stock Up 0.1 %

COCO stock opened at $36.72 on Friday. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $37.88. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 37.09, a P/E/G ratio of 2.42 and a beta of 0.31. The business has a 50 day moving average price of $33.12 and a two-hundred day moving average price of $29.24.

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 the consensus estimate of $0.26 by $0.06. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The firm had revenue of $133.00 million for the quarter, compared to analyst estimates of $138.56 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Vita Coco

Large investors have recently modified their holdings of the stock. nVerses Capital LLC grew its position in shares of Vita Coco by 271.4% in 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 last quarter. CWM LLC boosted its stake in Vita Coco by 40.7% in 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 holdings in Vita Coco by 1,155.7% in the 1st quarter. Comerica Bank now owns 3,993 shares of the company’s stock valued at $98,000 after buying an additional 3,675 shares in the last quarter. Quest Partners LLC grew its holdings in Vita Coco by 16,538.1% in the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after buying an additional 3,473 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in Vita Coco during the 2nd quarter worth $141,000. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COCO has been the subject of a number of research reports. Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a 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 stock a “buy” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.