The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) - Analysts at William Blair decreased their Q4 2024 earnings per share (EPS) estimates for shares of Vita Coco in a report issued on Wednesday, October 30th. William Blair analyst J. Andersen now anticipates that the company will earn $0.10 per share for the quarter, down from their previous estimate of $0.11. The consensus estimate for Vita Coco's current full-year earnings is $1.00 per share. William Blair also issued estimates for Vita Coco's FY2025 earnings at $1.18 EPS.
Vita Coco (NASDAQ:COCO - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. Vita Coco had a return on equity of 27.64% and a net margin of 11.99%. The firm had revenue of $133.00 million during the quarter, compared to analysts' expectations of $138.56 million. During the same period in the prior year, the company earned $0.26 earnings per share. The company's quarterly revenue was down 3.6% on a year-over-year basis.
Other research analysts also recently issued research reports about the company. Wells Fargo & Company boosted their target price on Vita Coco from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 10th. Piper Sandler cut shares of Vita Coco from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $29.00 to $28.00 in a research report on Friday, July 12th. Jefferies Financial Group cut their target price on shares of Vita Coco from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Wednesday, July 24th. Craig Hallum upped their price target on shares of Vita Coco from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Bank of America increased their price target on Vita Coco from $27.00 to $30.00 and gave the company a "neutral" rating in a research note on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.00.
Check Out Our Latest Analysis on COCO
Vita Coco Price Performance
Shares of COCO stock traded up $2.36 on Friday, hitting $31.97. 1,210,829 shares of the company's stock were exchanged, compared to its average volume of 619,638. The company has a 50 day moving average of $27.84 and a 200 day moving average of $27.05. The stock has a market cap of $1.82 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 2.45 and a beta of 0.23. Vita Coco has a 12 month low of $19.41 and a 12 month high of $32.98.
Insider Transactions at Vita Coco
In other Vita Coco news, COO Jonathan Burth sold 2,244 shares of the company's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $30.01, for a total value of $67,342.44. Following the sale, the chief operating officer now owns 124,605 shares in the company, valued at approximately $3,739,396.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 4,949 shares of company stock worth $148,585. Company insiders own 34.20% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of COCO. Champlain Investment Partners LLC bought a new stake in Vita Coco in the first quarter worth approximately $18,210,000. Victory Capital Management Inc. lifted its position in shares of Vita Coco by 1,310.1% during the 2nd quarter. Victory Capital Management Inc. now owns 433,968 shares of the company's stock valued at $12,086,000 after acquiring an additional 403,192 shares during the period. Driehaus Capital Management LLC bought a new position in Vita Coco during the second quarter worth $9,859,000. Vanguard Group Inc. grew its holdings in Vita Coco by 10.8% in the first quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company's stock worth $58,032,000 after purchasing an additional 230,991 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Vita Coco by 143.0% in the third quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company's stock valued at $9,668,000 after purchasing an additional 200,940 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.
About Vita Coco
(
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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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