Key Points
- CEO Martin Roper sold 25,000 shares under a pre‑arranged Rule 10b5‑1 plan at an average price of $50.95 for proceeds of $1.27M, a ~7.73% reduction in his stake (SEC Form 4 filed) leaving him with ~298,484 shares.
- Q2 results mixed: Vita Coco reported $0.09 EPS (missing the $0.13 consensus) but revenue of $127.79M topped estimates, with a 23.19% ROE and 11.7% net margin; analysts project ~1.07 EPS for the fiscal year.
- Legal and market outlook: Two law firms (Pomerantz and Kirby McInerney) launched investor investigations, adding short‑term risk, while Wall Street maintains a consensus "Moderate Buy" with a $59.43 target amid varied price‑target adjustments.
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 25,000 shares of the firm's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $50.95, for a total value of $1,273,750.00. Following the transaction, the chief executive officer owned 298,484 shares in the company, valued at approximately $15,207,759.80. This trade represents a 7.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vita Coco Stock Down 0.7%
COCO stock opened at $48.83 on Friday. The company has a market cap 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. The business has a 50-day simple moving average of $54.09 and a 200 day simple moving average of $50.19. Vita Coco Company, Inc. has a 52 week low of $29.74 and a 52 week high of $61.39.
Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). Vita Coco had a return on equity of 23.19% and a net margin of 11.70%.The firm had revenue of $127.79 million for the quarter, compared to analyst estimates of $117.80 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The company's quarterly revenue was up .4% on a year-over-year basis. On average, analysts anticipate that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.
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
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Vita Coco by 2,636.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company's stock valued at $28,000 after acquiring an additional 501 shares in the last quarter. Clearstead Advisors LLC raised its holdings in Vita Coco by 22,500.0% in the 3rd quarter. Clearstead Advisors LLC now owns 678 shares of the company's stock valued at $29,000 after buying an additional 675 shares during the last quarter. Quarry LP boosted its position in Vita Coco by 12,633.3% during the 3rd quarter. Quarry LP now owns 764 shares of the company's stock worth $32,000 after buying an additional 758 shares during the period. EverSource Wealth Advisors LLC boosted its position in 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 buying an additional 1,344 shares during the period. Finally, Mather Group LLC. bought a new stake in Vita Coco during the 3rd quarter worth approximately $54,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Vita Coco from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Vita Coco in a research note on Friday, March 27th. Morgan Stanley boosted their price target on Vita Coco from $49.00 to $57.00 and gave the stock an "equal weight" rating in a report on Monday, February 23rd. Wells Fargo & Company dropped their price objective on Vita Coco from $63.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Evercore reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of Vita Coco in a research note on Thursday, March 12th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Vita Coco presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.43.
Get Our Latest Stock Report on COCO
About Vita Coco
(
Get Free Report)
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.
Further Reading
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