Vita Coco (NASDAQ:COCO) Issues Earnings Results

Vita Coco (NASDAQ:COCO) posted its quarterly earnings data on Wednesday. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04, Zacks reports. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. Vita Coco updated its FY 2025 guidance to EPS.

Vita Coco Price Performance

Shares of NASDAQ COCO traded down $4.23 during mid-day trading on Wednesday, hitting $33.94. 789,617 shares of the stock traded hands, compared to its average volume of 574,501. Vita Coco has a twelve month low of $21.91 and a twelve month high of $40.32. The company has a market cap of $1.93 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.25 and a beta of 0.30. The firm has a 50 day simple moving average of $36.75 and a two-hundred day simple moving average of $32.56.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on COCO shares. Bank of America raised their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Craig Hallum raised their target price on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stephens downgraded Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price on the stock. in a report on Monday, January 27th. Finally, Wells Fargo & Company raised their target price on Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vita Coco presently has an average rating of “Moderate Buy” and a consensus price target of $34.83.

Insider Activity at Vita Coco

In related news, COO Jonathan Burth sold 700 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $40.25, for a total transaction of $28,175.00. Following the sale, the chief operating officer now owns 104,108 shares of the company’s stock, valued at $4,190,347. This trade represents a 0.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ira Liran sold 30,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $35.58, for a total value of $1,067,400.00. Following the sale, the director now directly owns 853,729 shares in the company, valued at approximately $30,375,677.82. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,270 shares of company stock valued at $4,488,069 in the last 90 days. 34.20% of the stock is owned by corporate insiders.

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.