Vita Coco (NASDAQ:COCO) CEO Martin Roper Sells 15,000 Shares

Key Points

• Vita Coco CEO Martin Roper sold 15,000 shares at an average price of $40.01, totaling approximately $600,150, which reduced his position by 4.98%.
• Vita Coco's stock recently traded at $39.98, with a market cap of $2.27 billion and a P/E ratio of 35.21.
• The company beat earnings estimates with $0.38 EPS and generated $168.76 million in revenue for the previous quarter, marking a 17.1% increase year-over-year.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 15,000 shares of Vita Coco stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $40.01, for a total value of $600,150.00. Following the completion of the sale, the chief executive officer directly owned 286,131 shares in the company, valued at approximately $11,448,101.31. The trade was a 4.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Martin Roper also recently made the following trade(s):

• On Wednesday, September 17th, Martin Roper sold 15,000 shares of Vita Coco stock. The stock was sold at an average price of $40.23, for a total value of $603,450.00.
• On Wednesday, September 17th, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $40.22, for a total value of $201,100.00.
• On Tuesday, September 16th, Martin Roper sold 7,741 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total value of $309,717.41.
• On Tuesday, September 16th, Martin Roper sold 2,765 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total value of $110,627.65.
• On Friday, September 12th, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $40.02, for a total value of $200,100.00.

Vita Coco Price Performance

Shares of Vita Coco stock traded up $0.47 on Friday, reaching $39.73. The company had a trading volume of 2,075,385 shares, compared to its average volume of 1,041,227. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 37.13, a P/E/G ratio of 2.08 and a beta of 0.36. The firm's 50-day moving average price is $36.47 and its two-hundred day moving average price is $34.73. Vita Coco Company, Inc. has a 1 year low of $25.79 and a 1 year high of $42.81.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $168.76 million for the quarter, compared to the consensus estimate of $162.20 million. Vita Coco had a return on equity of 24.99% and a net margin of 11.50%.The company's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. Vita Coco has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC increased its position in Vita Coco by 47.9% during the 2nd quarter. Squarepoint Ops LLC now owns 18,884 shares of the company's stock valued at $682,000 after buying an additional 6,120 shares in the last quarter. Ranger Investment Management L.P. increased its position in Vita Coco by 7.3% during the 2nd quarter. Ranger Investment Management L.P. now owns 225,175 shares of the company's stock valued at $8,129,000 after buying an additional 15,240 shares in the last quarter. Cim LLC increased its position in Vita Coco by 3.8% during the 2nd quarter. Cim LLC now owns 13,904 shares of the company's stock valued at $502,000 after buying an additional 514 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Vita Coco by 113.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock valued at $168,000 after buying an additional 2,465 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in Vita Coco during the 2nd quarter valued at about $206,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COCO has been the topic of several analyst reports. Wall Street Zen downgraded Vita Coco from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Morgan Stanley boosted their target price on Vita Coco from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Wells Fargo & Company boosted their price objective on Vita Coco from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Piper Sandler upgraded Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price objective for the company in a report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $38.38.

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.