Vita Coco (COCO) Expected to Announce Earnings on Wednesday

Vita Coco (NASDAQ:COCO) is projected to post its quarterly earnings results 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Vita Coco Stock Down 2.2 %

Shares of COCO opened at $39.11 on Wednesday. The stock has a 50 day moving average price of $36.59 and a 200 day moving average price of $32.13. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30. Vita Coco has a 52-week low of $20.64 and a 52-week high of $40.32.

Analyst Upgrades and Downgrades

COCO has been the subject of a number of research reports. Wells Fargo & Company boosted their price objective on 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 boosted their price objective on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Bank of America boosted their price objective on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Stephens cut Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective for the company. in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vita Coco currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.83.

Insider Transactions at Vita Coco

In other news, CMO Jane Prior sold 3,888 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $37.01, for a total transaction of $143,894.88. Following the completion of the sale, the chief marketing officer now owns 131,834 shares in the company, valued at $4,879,176.34. This represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Martin F. Roper sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $35.70, for a total value of $178,500.00. Following the sale, the chief executive officer now owns 407,152 shares of the company’s stock, valued at $14,535,326.40. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,435 shares of company stock worth $4,741,510 over the last 90 days. 34.20% of the stock is currently owned by 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.