Vita Coco (NASDAQ:COCO) Announces Earnings Results

Vita Coco (NASDAQ:COCO) announced its quarterly earnings results on Wednesday. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04, Zacks reports. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. Vita Coco updated its FY 2025 guidance to EPS.

Vita Coco Stock Down 9.7 %

Shares of COCO traded down $3.69 during mid-day trading on Wednesday, reaching $34.47. 1,794,825 shares of the company’s stock were exchanged, compared to its average volume of 602,765. Vita Coco has a 52-week low of $21.91 and a 52-week high of $40.32. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.25 and a beta of 0.30. The company has a 50-day simple moving average of $36.79 and a two-hundred day simple moving average of $32.65.

Insider Buying and Selling at Vita Coco

In related news, COO Jonathan Burth sold 700 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 104,108 shares of the company’s stock, valued at approximately $4,190,347. This represents a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ira Liran sold 1,723 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.02, for a total transaction of $68,954.46. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,270 shares of company stock worth $4,488,069. Corporate insiders own 34.20% of the company’s stock.

Wall Street Analyst Weigh In

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