Martin F. Roper Sells 300 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 300 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $35.05, for a total value of $10,515.00. Following the transaction, the chief executive officer now owns 442,152 shares of the company’s stock, valued at $15,497,427.60. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Vita Coco Stock Performance

COCO traded up $0.39 on Friday, hitting $34.24. 37,361 shares of the company were exchanged, compared to its average volume of 620,310. The Vita Coco Company, Inc. has a 12 month low of $19.41 and a 12 month high of $36.41. The stock has a market capitalization of $1.94 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 2.22 and a beta of 0.22. The firm has a fifty day simple moving average of $29.54 and a two-hundred day simple moving average of $27.77.

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, topping analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $133.00 million for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.26 EPS. On average, equities analysts expect that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On Vita Coco

Hedge funds have recently made changes to their positions in the business. nVerses Capital LLC increased its stake in shares of Vita Coco by 271.4% in the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock worth $72,000 after acquiring an additional 1,900 shares in the last quarter. CWM LLC grew its stake in shares of Vita Coco by 40.7% in the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock worth $76,000 after buying an additional 787 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Vita Coco by 32.3% in the 1st quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock worth $92,000 after buying an additional 919 shares during the last quarter. Comerica Bank increased its position 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 buying an additional 3,675 shares in the last quarter. Finally, Quest Partners LLC raised its stake in Vita Coco by 16,538.1% during the third 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 during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COCO has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of Vita Coco from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Craig Hallum boosted 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.00.

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.