Vita Coco (COCO) to Release Quarterly Earnings on Wednesday

Vita Coco (NASDAQ:COCO) will likely be issuing 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. Parties interested in registering for the company’s conference call can do so using this link.

Vita Coco Price Performance

Shares of NASDAQ COCO opened at $37.58 on Monday. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 2.25 and a beta of 0.30. Vita Coco has a 12 month low of $20.64 and a 12 month high of $40.32. The firm’s 50 day simple moving average is $36.73 and its 200-day simple moving average is $32.48.

Insider Activity at Vita Coco

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 transaction of $68,954.46. Following the sale, the director now owns 812,579 shares of the company’s stock, valued at $32,519,411.58. The trade was a 0.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction on Friday, November 29th. The stock was sold at an average price of $35.81, for a total transaction of $179,050.00. Following the sale, the chief executive officer now directly owns 397,152 shares in the company, valued at approximately $14,222,013.12. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,270 shares of company stock valued at $4,666,569. 34.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

COCO has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of 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 lifted their price target 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. Wells Fargo & Company lifted their price target on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Stephens cut shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target on the stock. in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.