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 18th. The shares were sold at an average price of $35.07, for a total transaction of $175,350.00. Following the completion of the transaction, the chief executive officer now directly owns 437,152 shares in the company, valued at approximately $15,330,920.64. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Vita Coco Trading Up 3.7 %
Vita Coco stock opened at $36.80 on Thursday. The company has a market capitalization of $2.09 billion, a PE ratio of 37.17, a P/E/G ratio of 2.32 and a beta of 0.22. The stock has a 50-day moving average price of $30.27 and a two-hundred day moving average price of $28.03. The Vita Coco Company, Inc. has a 12 month low of $19.41 and a 12 month high of $36.84.
Vita Coco (NASDAQ:COCO - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate 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 firm's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. As a group, analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
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A number of research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Vita Coco from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Wednesday, July 24th. Craig Hallum upped their price objective 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Vita Coco has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.
Check Out Our Latest Analysis on Vita Coco
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Wasatch Advisors LP grew its position in shares of Vita Coco by 299.0% in the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company's stock valued at $67,972,000 after buying an additional 1,799,168 shares during the last quarter. Woodson Capital Management LP bought a new stake in Vita Coco in the third quarter valued at approximately $19,224,000. Victory Capital Management Inc. increased its position in Vita Coco by 106.4% during the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company's stock valued at $25,358,000 after purchasing an additional 461,748 shares during the period. Driehaus Capital Management LLC bought a new position in Vita Coco during the 2nd quarter worth approximately $9,859,000. Finally, Vanguard Group Inc. increased its position 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 worth $58,032,000 after buying an additional 230,991 shares during the period. 88.49% of the stock is owned by institutional investors.
About Vita Coco
(
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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