Vita Coco (COCO) Expected to Announce Earnings on Wednesday

Vita Coco (NASDAQ:COCO) is expected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Vita Coco to post earnings of $0.08 per share and revenue of $120.18 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Vita Coco Trading Down 2.2 %

Shares of COCO opened at $39.11 on Wednesday. The firm has a market cap of $2.22 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30. The company’s 50-day moving average price is $36.59 and its 200 day moving average price is $32.13. Vita Coco has a 12-month low of $20.64 and a 12-month high of $40.32.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Stephens lowered 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. Wells Fargo & Company boosted their price target 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. Bank of America boosted their price target 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. Finally, Craig Hallum boosted their price target on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Vita Coco currently has an average rating of “Moderate Buy” and a consensus target price of $34.83.

Insider Transactions at Vita Coco

In other news, COO Jonathan Burth sold 700 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.25, for a total transaction of $28,175.00. Following the completion of the transaction, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at approximately $4,190,347. The trade was a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Martin F. Roper sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.70, for a total value of $178,500.00. Following the completion of the transaction, the chief executive officer now directly owns 407,152 shares of the company’s stock, valued at $14,535,326.40. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,435 shares of company stock valued at $4,741,510. 34.20% of the stock is currently owned by corporate insiders.

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.