Vita Coco (NASDAQ:COCO) CEO Martin Roper Sells 25,000 Shares

Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin Roper sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $50.95, for a total transaction of $1,273,750.00. Following the transaction, the chief executive officer directly owned 298,484 shares of the company’s stock, valued at $15,207,759.80. This represents a 7.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vita Coco Stock Down 0.7%

NASDAQ COCO opened at $48.83 on Friday. The firm’s 50 day moving average is $54.09 and its 200-day moving average is $50.19. The company has a market capitalization of $2.79 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 1.55 and a beta of 0.47. Vita Coco Company, Inc. has a 12-month low of $29.74 and a 12-month high of $61.39.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The business had revenue of $127.79 million for the quarter, compared to analyst estimates of $117.80 million. Vita Coco had a return on equity of 23.19% and a net margin of 11.70%.The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. As a group, sell-side analysts expect that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Hedge Funds Weigh In On Vita Coco

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Vita Coco by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock valued at $60,000 after acquiring an additional 227 shares in the last quarter. CWM LLC raised its stake in Vita Coco by 18.2% in the 4th quarter. CWM LLC now owns 1,505 shares of the company’s stock worth $80,000 after purchasing an additional 232 shares in the last quarter. Mariner LLC boosted its holdings in Vita Coco by 2.8% in the 3rd quarter. Mariner LLC now owns 8,742 shares of the company’s stock valued at $371,000 after purchasing an additional 236 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Vita Coco by 0.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 33,541 shares of the company’s stock worth $1,424,000 after purchasing an additional 298 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its position in shares of Vita Coco by 4.1% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 12,472 shares of the company’s stock worth $661,000 after purchasing an additional 489 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on COCO shares. Zacks Research cut shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Evercore reissued an “outperform” rating and set a $70.00 price target on shares of Vita Coco in a research report on Thursday, March 12th. Wall Street Zen downgraded Vita Coco from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vita Coco in a report on Friday, March 27th. Finally, Wells Fargo & Company cut their price target on Vita Coco from $63.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $59.43.

More Vita Coco News

Here are the key news stories impacting Vita Coco this week:

• Positive Sentiment: Brokerage consensus remains favorable — COCO is rated a “Moderate Buy” by brokerages, which supports longer?term upside expectations. Article Title
• Neutral Sentiment: Wells Fargo trimmed its price target from $63 to $60 but kept an “Overweight” rating, signaling continued analyst confidence even as near?term upside was modestly reduced. Article Title
• Negative Sentiment: CEO Martin Roper sold 25,000 shares (~7.73% reduction of his holding) under a pre?arranged Rule 10b5?1 plan for about $1.27M; insider sales can pressure sentiment even if planned. SEC Form 4
• Negative Sentiment: Pomerantz LLP announced an investor investigation into Vita Coco, signaling potential securities?law concerns that often trigger selling and legal expense risk. Article Title
• Negative Sentiment: Kirby McInerney LLP issued a shareholder alert about potential securities?law violations, adding to legal uncertainty and short?term downside risk. Article Title

About Vita Coco

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.