Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) CEO 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 on Monday, November 11th. The stock was sold at an average price of $35.35, for a total value of $176,750.00. Following the completion of the sale, the chief executive officer now owns 447,452 shares of the company’s stock, valued at approximately $15,817,428.20. This represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vita Coco Stock Down 0.6 %

COCO stock opened at $33.85 on Friday. The business’s fifty day simple moving average is $29.54 and its two-hundred day simple moving average is $27.77. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $36.41. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.22 and a beta of 0.22.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.26 by $0.06. The firm had revenue of $133.00 million for the quarter, compared to analyst estimates of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. Research analysts expect that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Hedge Funds Weigh In On Vita Coco

Several institutional investors have recently made changes to their positions in COCO. Swiss National Bank increased its stake in shares of Vita Coco by 19.1% during the first quarter. Swiss National Bank now owns 72,900 shares of the company’s stock valued at $1,781,000 after buying an additional 11,700 shares during the period. William Blair Investment Management LLC increased its stake in shares of Vita Coco by 0.7% during the first quarter. William Blair Investment Management LLC now owns 704,899 shares of the company’s stock valued at $17,221,000 after buying an additional 4,895 shares during the period. Vanguard Group Inc. increased its stake in shares of Vita Coco by 10.8% during the first quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock valued at $58,032,000 after buying an additional 230,991 shares during the period. Summit Creek Advisors LLC bought a new stake in Vita Coco during the first quarter valued at about $3,727,000. Finally, Hillsdale Investment Management Inc. boosted its position in Vita Coco by 8.5% during the first quarter. Hillsdale Investment Management Inc. now owns 197,800 shares of the company’s stock valued at $4,832,000 after purchasing an additional 15,470 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on COCO shares. Jefferies Financial Group lowered their price target on Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Craig Hallum raised their price target on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Vita Coco has a consensus 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.