The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin F. Roper sold 5,000 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were 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 in the company, valued at $15,817,428.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Vita Coco Trading Down 0.3 %
Shares of NASDAQ COCO opened at $35.16 on Wednesday. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 2.33 and a beta of 0.22. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $36.41. The business has a 50 day simple moving average of $29.14 and a 200-day simple moving average of $27.65.
Vita Coco (NASDAQ:COCO - Get Free Report) last posted 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. 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 for the quarter, compared to the consensus estimate of $138.56 million. During the same period last year, the firm posted $0.26 EPS. The company's revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.
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A number of analysts have recently issued reports on the stock. Craig Hallum lifted their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Jefferies Financial Group lowered their target price on Vita Coco from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.00.
View Our Latest Stock Report on COCO
Hedge Funds Weigh In On Vita Coco
A number of hedge funds and other institutional investors have recently bought and sold shares of COCO. Vanguard Group Inc. lifted its holdings in shares of Vita Coco by 10.8% in the 1st quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company's stock worth $58,032,000 after purchasing an additional 230,991 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Vita Coco by 106.4% in the third quarter. Victory Capital Management Inc. now owns 895,716 shares of the company's stock valued at $25,358,000 after buying an additional 461,748 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Vita Coco by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 776,469 shares of the company's stock valued at $21,623,000 after acquiring an additional 156,033 shares during the period. William Blair Investment Management LLC grew its position in shares of Vita Coco by 8.0% during the second quarter. William Blair Investment Management LLC now owns 761,315 shares of the company's stock worth $21,203,000 after acquiring an additional 56,416 shares during the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in shares of Vita Coco in the 1st quarter worth about $18,210,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.
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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