Vita Coco (COCO) to Release Earnings on Wednesday

Vita Coco (NASDAQ:COCO) is expected 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Vita Coco Stock Performance

Shares of Vita Coco stock opened at $37.75 on Tuesday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 2.25 and a beta of 0.30. Vita Coco has a fifty-two week low of $21.19 and a fifty-two week high of $40.32. The stock has a 50 day moving average of $36.75 and a 200 day moving average of $32.56.

Analyst Upgrades and Downgrades

COCO has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Stephens lowered Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target for the company. in a research report on Monday, January 27th. Bank of America raised 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. Finally, Craig Hallum raised their price target on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.83.

Insider Transactions at Vita Coco

In related news, 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 value of $179,050.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the director now owns 812,579 shares of the company’s stock, valued at approximately $32,519,411.58. This trade represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,270 shares of company stock worth $4,488,069 over the last ninety days. Company insiders own 34.20% of the company’s stock.

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.