Vita Coco (COCO) Projected to Post Earnings on Wednesday

Vita Coco (NASDAQ:COCO - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $120.18 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Vita Coco Stock Up 0.2 %

Shares of NASDAQ:COCO traded up $0.08 during midday trading on Friday, hitting $37.58. 718,300 shares of the stock traded hands, compared to its average volume of 566,672. The stock has a market capitalization of $2.13 billion, a PE ratio of 37.96, a P/E/G ratio of 2.38 and a beta of 0.30. Vita Coco has a one year low of $20.64 and a one year high of $40.32. The business's 50 day moving average is $36.71 and its two-hundred day moving average is $32.30.

Insiders Place Their Bets

In other Vita Coco news, Director Ira Liran sold 1,723 shares of Vita Coco stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $40.02, for a total value of $68,954.46. Following the sale, the director now directly owns 812,579 shares in the company, valued at approximately $32,519,411.58. The trade was a 0.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Corey Baker sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.28, for a total value of $74,560.00. Following the transaction, the chief financial officer now owns 44,346 shares of the company's stock, valued at $1,653,218.88. This represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,270 shares of company stock worth $4,666,569. Corporate insiders own 34.20% of the company's stock.

Analysts Set New Price Targets

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

Vita Coco Company Profile

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.