Vita Coco (COCO) to Release Earnings on Wednesday

Vita Coco (NASDAQ:COCO - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Wednesday, April 30th. Analysts expect Vita Coco to post earnings of $0.22 per share and revenue of $125.64 million for the quarter.

Vita Coco Trading Up 1.5 %

Shares of NASDAQ:COCO opened at $31.29 on Wednesday. The company has a 50 day moving average of $33.20 and a 200 day moving average of $34.16. The stock has a market cap of $1.78 billion, a P/E ratio of 31.61, a P/E/G ratio of 2.25 and a beta of 0.38. Vita Coco has a 12 month low of $23.05 and a 12 month high of $40.32.

Insiders Place Their Bets

In other news, Director Ira Liran sold 20,235 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $40.07, for a total value of $810,816.45. Following the completion of the sale, the director now directly owns 814,302 shares in the company, valued at approximately $32,629,081.14. The trade was a 2.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jonathan Burth sold 700 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $40.25, for a total transaction of $28,175.00. Following the transaction, the chief operating officer now directly owns 104,108 shares in the company, valued at approximately $4,190,347. This represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,358 shares of company stock valued at $2,865,456 over the last 90 days. Insiders own 34.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on COCO. Wells Fargo & Company decreased their price target on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group raised their price target on Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Stephens reissued an "equal weight" rating and set a $32.00 price objective on shares of Vita Coco in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $34.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.