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

Key Points

• Vita Coco's CEO, Martin Roper, sold 15,000 shares at an average price of $40.45, totaling $606,750, which represented a 5.71% reduction in his shareholding.
• Vita Coco reported a net margin of 11.50% and a 17.1% increase in revenue year-over-year, with earnings per share (EPS) of $0.38, surpassing estimates.
• Analysts maintain a consensus rating of "Moderate Buy" for Vita Coco, with a current average price target of $39.00.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 15,000 shares of Vita Coco stock in a transaction on Monday, September 29th. The shares were sold at an average price of $40.45, for a total value of $606,750.00. Following the transaction, the chief executive officer owned 247,515 shares of the company's stock, valued at $10,011,981.75. The trade was a 5.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, September 29th, Martin Roper sold 5,000 shares of Vita Coco stock. The shares were sold at an average price of $40.45, for a total value of $202,250.00.
• On Thursday, September 25th, Martin Roper sold 1,200 shares of Vita Coco stock. The stock was sold at an average price of $40.17, for a total value of $48,204.00.
• On Thursday, September 25th, Martin Roper sold 400 shares of Vita Coco stock. The stock was sold at an average price of $40.16, for a total value of $16,064.00.
• On Wednesday, September 24th, Martin Roper sold 15,000 shares of Vita Coco stock. The stock was sold at an average price of $41.30, for a total value of $619,500.00.
• On Wednesday, September 24th, Martin Roper sold 5,000 shares of Vita Coco stock. The shares were sold at an average price of $41.32, for a total transaction of $206,600.00.
• On Monday, September 22nd, Martin Roper sold 15,000 shares of Vita Coco stock. The shares were sold at an average price of $40.14, for a total transaction of $602,100.00.
• On Monday, September 22nd, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $40.17, for a total transaction of $200,850.00.
• On Wednesday, September 17th, Martin Roper sold 15,000 shares of Vita Coco stock. The shares were sold at an average price of $40.23, for a total transaction of $603,450.00.
• On Wednesday, September 17th, Martin Roper sold 5,000 shares of Vita Coco stock. The shares were sold at an average price of $40.22, for a total transaction of $201,100.00.
• On Tuesday, September 16th, Martin Roper sold 7,741 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total value of $309,717.41.

Vita Coco Stock Performance

Shares of NASDAQ COCO traded down $0.06 during trading on Wednesday, reaching $42.41. The company had a trading volume of 867,190 shares, compared to its average volume of 1,290,184. Vita Coco Company, Inc. has a 52 week low of $25.79 and a 52 week high of $43.28. The stock has a market cap of $2.41 billion, a PE ratio of 37.58, a PEG ratio of 2.26 and a beta of 0.40. The business's 50 day moving average price is $36.88 and its 200-day moving average price is $35.12.

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

Institutional Trading of Vita Coco

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC increased its stake in Vita Coco by 47.9% during the second quarter. Squarepoint Ops LLC now owns 18,884 shares of the company's stock worth $682,000 after acquiring an additional 6,120 shares during the last quarter. Ranger Investment Management L.P. grew its holdings in shares of Vita Coco by 7.3% in the 2nd quarter. Ranger Investment Management L.P. now owns 225,175 shares of the company's stock worth $8,129,000 after acquiring an additional 15,240 shares during the period. Cim LLC lifted its stake in Vita Coco by 3.8% in 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 lifted its stake in shares of Vita Coco by 113.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $168,000 after purchasing an additional 2,465 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in Vita Coco in the 2nd quarter valued at $206,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Piper Sandler raised shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price objective on the stock in a report on Wednesday, August 20th. Wells Fargo & Company upped their target price on Vita Coco from $45.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. Morgan Stanley increased their price objective on Vita Coco from $38.00 to $41.00 and gave the company an "equal weight" rating in a research note on Thursday, September 25th. Needham & Company LLC initiated coverage on Vita Coco in a research note on Wednesday, September 24th. They issued a "hold" rating for the company. Finally, Wall Street Zen downgraded Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

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.

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