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 firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 337,152 shares in the company, valued at $12,262,218.24. This trade represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vita Coco Price Performance

Vita Coco stock opened at $35.86 on Friday. The business has a 50 day moving average of $33.92 and a 200-day moving average of $29.50. The Vita Coco Company, Inc. has a 1 year low of $19.41 and a 1 year high of $37.88. The company has a market capitalization of $2.03 billion, a P/E ratio of 36.22, 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 (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. The firm had revenue of $133.00 million during 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 was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. Equities analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its stake in shares of Vita Coco by 143.0% in the third quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after buying an additional 200,940 shares during the period. Raymond James & Associates acquired a new stake in Vita Coco during the 3rd quarter valued at approximately $3,990,000. Woodson Capital Management LP acquired a new stake in Vita Coco during the 3rd quarter valued at approximately $19,224,000. American Century Companies Inc. raised its holdings in Vita Coco by 42.2% during the 2nd quarter. American Century Companies Inc. now owns 80,129 shares of the company’s stock worth $2,232,000 after purchasing an additional 23,761 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Vita Coco by 106.4% in the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after purchasing an additional 461,748 shares during the period. 88.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on COCO shares. 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 research note 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 report on Friday, December 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Vita Coco has an average rating of “Moderate Buy” and a consensus price target 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.