Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Sells $176,750.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 447,452 shares of the company’s stock, valued at approximately $15,817,428.20. This trade represents a 1.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Vita Coco Trading Down 0.6 %

Vita Coco stock opened at $33.85 on Friday. The firm has a 50 day moving average of $29.54 and a 200 day moving average of $27.77. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.22 and a beta of 0.22. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $36.41.

Vita Coco (NASDAQ:COCO) last released its 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 company had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.56 million. During the same period in the prior year, the firm posted $0.26 EPS. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts predict that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Jefferies Financial Group reduced their price target on shares of 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 upped their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COCO. nVerses Capital LLC boosted its position in shares of Vita Coco by 271.4% during 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 boosted its position in shares of Vita Coco by 40.7% during the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after acquiring an additional 787 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Vita Coco by 32.3% during the 1st quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock valued at $92,000 after acquiring an additional 919 shares during the last quarter. Comerica Bank boosted its position in shares of 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 acquiring an additional 3,675 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after acquiring an additional 3,473 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

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.