Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Sells $182,650.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $36.53, for a total transaction of $182,650.00. Following the completion of the sale, the chief executive officer now owns 357,152 shares in the company, valued at approximately $13,046,762.56. This represents a 1.38 % 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 link.

Vita Coco Trading Up 0.1 %

Shares of NASDAQ:COCO opened at $36.72 on Monday. The company has a 50 day moving average of $33.12 and a 200-day moving average of $29.25. The firm has a market cap of $2.08 billion, a P/E ratio of 37.09, a P/E/G ratio of 2.42 and a beta of 0.31. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $37.88.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm had revenue of $133.00 million during the quarter, compared to the consensus estimate of $138.56 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts forecast that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. nVerses Capital LLC lifted its holdings in Vita Coco by 271.4% in the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after acquiring an additional 1,900 shares during the last quarter. CWM LLC lifted its stake in Vita Coco by 40.7% during the second 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 last quarter. Quest Partners LLC boosted its holdings in Vita Coco by 16,538.1% during the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after buying an additional 3,473 shares in the last quarter. Comerica Bank boosted its holdings in Vita Coco by 1,155.7% during the first quarter. Comerica Bank now owns 3,993 shares of the company’s stock worth $98,000 after buying an additional 3,675 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in Vita Coco in the second quarter worth approximately $141,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on COCO. Bank of America raised their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Craig Hallum raised their target price on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report 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 company’s stock. According to MarketBeat, the stock 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.