Vita Coco (NASDAQ:COCO) Issues Earnings Results

Vita Coco (NASDAQ:COCO - Get Free Report) announced its earnings results on Wednesday. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04, Zacks reports. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The business had revenue of $127.29 million during the quarter, compared to analysts' expectations of $120.91 million. Vita Coco updated its FY 2025 guidance to EPS.

Vita Coco Trading Up 0.7 %

NASDAQ:COCO traded up $0.23 on Friday, hitting $32.44. The company's stock had a trading volume of 691,564 shares, compared to its average volume of 551,583. The stock has a fifty day moving average of $36.61 and a two-hundred day moving average of $32.70. The firm has a market capitalization of $1.84 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 2.25 and a beta of 0.30. Vita Coco has a one year low of $23.00 and a one year high of $40.32.

Insider Buying and Selling at Vita Coco

In other news, Director Ira Liran sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $35.58, for a total transaction of $1,067,400.00. Following the transaction, the director now owns 853,729 shares in the company, valued at approximately $30,375,677.82. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jonathan Burth sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.69, for a total value of $356,900.00. Following the transaction, the chief operating officer now owns 106,849 shares in the company, valued at approximately $3,813,440.81. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,270 shares of company stock worth $4,309,019 over the last 90 days. Company insiders own 34.20% of the company's stock.

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Wall Street Analysts Forecast Growth

COCO has been the subject of several recent research reports. Bank of America increased their target price on shares of Vita Coco from $30.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. The Goldman Sachs Group increased their price target on shares of Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday. Stephens lowered shares of Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 price objective on the stock. in a research note on Monday, January 27th. Finally, Wells Fargo & Company lowered their price objective on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.14.

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.