Vita Coco (NASDAQ:COCO) CEO Sells $619,500.00 in Stock

Key Points

• Vita Coco CEO Martin Roper sold 15,000 shares for $619,500, reducing his holdings by 5.60% to 252,915 shares, valued at over $10 million.
• The stock experienced a 2.4% increase in value, reaching $39.96, with an average target price of $39.00 from analysts, indicating a generally positive outlook.
• Vita Coco reported quarterly earnings with an EPS of $0.38, surpassing estimates, and revenue growth of 17.1% compared to the previous year.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 15,000 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $41.30, for a total transaction of $619,500.00. Following the transaction, the chief executive officer owned 252,915 shares of the company's stock, valued at $10,445,389.50. The trade was a 5.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 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 value 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 value of $200,850.00.
• 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 shares were sold at an average price of $40.01, for a total value of $110,627.65.
• On Friday, September 12th, Martin Roper sold 15,000 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total value of $600,150.00.

Vita Coco Stock Up 2.4%

Shares of NASDAQ:COCO traded up $0.95 during trading on Friday, hitting $39.96. 762,611 shares of the company traded hands, compared to its average volume of 785,875. Vita Coco Company, Inc. has a one year low of $25.79 and a one year high of $42.81. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 2.13 and a beta of 0.36. The business's fifty day moving average is $36.63 and its 200-day moving average is $34.93.

Vita Coco (NASDAQ:COCO - Get Free Report) last issued its quarterly 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 company had revenue of $168.76 million for the quarter, compared to the consensus estimate of $162.20 million. During the same period last year, the business posted $0.32 earnings per share. 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. On average, analysts forecast that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. MAI Capital Management purchased a new position in Vita Coco during the 2nd quarter worth $33,000. EverSource Wealth Advisors LLC grew its stake in shares of Vita Coco by 5,376.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock worth $49,000 after purchasing an additional 1,344 shares during the period. Ameritas Advisory Services LLC purchased a new position in Vita Coco in the 2nd quarter valued at about $50,000. CWM LLC grew its position in Vita Coco by 14.7% in the first quarter. CWM LLC now owns 2,868 shares of the company's stock valued at $88,000 after acquiring an additional 367 shares in the last quarter. Finally, Militia Capital Partners LP lifted its stake in Vita Coco by 60.0% in the first quarter. Militia Capital Partners LP now owns 3,200 shares of the company's stock valued at $98,000 after buying an additional 1,200 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other 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.

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