The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin F. Roper sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $36.37, for a total transaction of $181,850.00. Following the completion of the transaction, the chief executive officer now directly owns 337,152 shares of the company's stock, valued at approximately $12,262,218.24. This represents a 1.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Vita Coco Stock Performance
Shares of NASDAQ:COCO traded down $0.04 on Thursday, reaching $35.64. The company's stock had a trading volume of 585,229 shares, compared to its average volume of 600,330. The company has a market cap of $2.02 billion, a P/E ratio of 36.00, a PEG ratio of 2.42 and a beta of 0.31. The company has a 50-day simple moving average of $33.62 and a 200 day simple moving average of $29.41. The Vita Coco Company, Inc. has a 52-week low of $19.41 and a 52-week high of $37.88.
Vita Coco (NASDAQ:COCO - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.32 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 the consensus estimate 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 for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. On average, equities research analysts forecast that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on COCO shares. Bank of America boosted their price objective on Vita Coco from $30.00 to $38.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Craig Hallum raised their price objective 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.14.
Check Out Our Latest Report on COCO
Institutional Trading of Vita Coco
Several hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC raised its holdings in shares of Vita Coco by 271.4% during the second quarter. nVerses Capital LLC now owns 2,600 shares of the company's stock worth $72,000 after purchasing an additional 1,900 shares during the last quarter. Quest Partners LLC boosted its position 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 acquiring an additional 3,473 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of Vita Coco in the second quarter valued at approximately $141,000. 1620 Investment Advisors Inc. purchased a new stake in Vita Coco in the 2nd quarter valued at $150,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Vita Coco by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company's stock worth $199,000 after purchasing an additional 1,434 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.
Vita Coco Company Profile
(
Get Free Report)
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.
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