Vita Coco (NASDAQ:COCO) Announces Earnings Results, Beats Expectations By $0.04 EPS

Vita Coco (NASDAQ:COCO) released its earnings results on Wednesday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Vita Coco updated its FY 2025 guidance to EPS.

Vita Coco Stock Down 9.7 %

COCO traded down $3.69 during midday trading on Wednesday, reaching $34.47. The company had a trading volume of 1,794,825 shares, compared to its average volume of 602,765. The business has a 50-day moving average of $36.79 and a two-hundred day moving average of $32.65. The company has a market cap of $1.96 billion, a P/E ratio of 34.83, a P/E/G ratio of 2.25 and a beta of 0.30. Vita Coco has a 1 year low of $21.91 and a 1 year high of $40.32.

Insider Buying and Selling

In other news, CFO Corey Baker sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.28, for a total transaction of $74,560.00. Following the transaction, the chief financial officer now owns 44,346 shares in the company, valued at approximately $1,653,218.88. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ira Liran sold 1,723 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $40.02, for a total value of $68,954.46. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,270 shares of company stock worth $4,488,069. 34.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on COCO. Stephens lowered 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. Wells Fargo & Company upped their price objective 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. Craig Hallum lifted their price target on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently 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.