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

Key Points

• CEO Martin Roper sold a total of 15,000 shares of Vita Coco stock for approximately $643,650, reducing his ownership by 6.19% to 227,515 shares.
• Vita Coco reported $0.38 earnings per share (EPS) for the last quarter, surpassing analyst expectations and showing a 17.1% increase in revenue year-on-year.
• Wall Street analysts have mixed ratings on Vita Coco, with several firms raising their price targets, resulting in an average target price of $39.75 and a consensus rating of "Moderate Buy".

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 15,000 shares of the business's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $42.91, for a total transaction of $643,650.00. Following the completion of the sale, the chief executive officer directly owned 227,515 shares of the company's stock, valued at $9,762,668.65. This represents a 6.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, October 6th, Martin Roper sold 15,000 shares of Vita Coco stock. The stock was sold at an average price of $42.58, for a total value of $638,700.00.
• On Monday, October 6th, Martin Roper sold 5,000 shares of Vita Coco stock. The shares were sold at an average price of $42.67, for a total value of $213,350.00.
• On Friday, October 3rd, Martin Roper sold 5,000 shares of Vita Coco stock. The shares were sold at an average price of $42.92, for a total value of $214,600.00.
• On Monday, September 29th, Martin Roper sold 15,000 shares of Vita Coco stock. The stock was sold at an average price of $40.45, for a total value of $606,750.00.
• 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 transaction 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 transaction of $16,064.00.
• On Wednesday, September 24th, Martin Roper sold 15,000 shares of Vita Coco stock. The shares were sold at an average price of $41.30, for a total transaction 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 stock was sold at an average price of $40.14, for a total value of $602,100.00.

Vita Coco Price Performance

COCO traded down $0.15 during midday trading on Tuesday, reaching $42.76. 612,151 shares of the company's stock traded hands, compared to its average volume of 790,689. Vita Coco Company, Inc. has a 52 week low of $25.79 and a 52 week high of $43.65. The firm has a fifty day moving average of $37.18 and a two-hundred day moving average of $35.28. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 39.96, a P/E/G ratio of 2.26 and a beta of 0.40.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on COCO shares. Morgan Stanley increased their price target on shares of Vita Coco from $38.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of Vita Coco in a research report on Saturday, September 27th. Needham & Company LLC initiated coverage on Vita Coco in a research note on Wednesday, September 24th. They issued a "hold" rating for the company. Piper Sandler raised Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price target on the stock in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group raised their price objective on Vita Coco from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $39.75.

Hedge Funds Weigh In On Vita Coco

Several institutional investors and hedge funds have recently modified their holdings of the stock. MAI Capital Management purchased a new stake in Vita Coco during the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its holdings in shares of Vita Coco by 5,376.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock valued at $49,000 after buying an additional 1,344 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Vita Coco during the second quarter valued at approximately $50,000. CWM LLC increased its holdings in shares of Vita Coco by 14.7% in the 1st quarter. CWM LLC now owns 2,868 shares of the company's stock worth $88,000 after purchasing an additional 367 shares in the last quarter. Finally, Militia Capital Partners LP raised its holdings in shares of Vita Coco by 60.0% during the first quarter. Militia Capital Partners LP now owns 3,200 shares of the company's stock valued at $98,000 after purchasing an additional 1,200 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

About Vita Coco

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.