Vita Coco (COCO) to Release Quarterly 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 interested in registering for the company’s conference call can do so using this link.

Vita Coco Stock Up 0.2 %

NASDAQ COCO opened at $37.58 on Monday. Vita Coco has a 52 week low of $20.64 and a 52 week high of $40.32. The business’s fifty day simple moving average is $36.73 and its 200-day simple moving average is $32.48. The firm has a market cap of $2.13 billion, a PE ratio of 37.96, a P/E/G ratio of 2.25 and a beta of 0.30.

Insider Buying and Selling at Vita Coco

In other Vita Coco news, CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction dated 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 of the company’s stock, valued at $14,222,013.12. The trade was a 1.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jonathan Burth sold 700 shares of Vita Coco stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $40.25, for a total value 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. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,270 shares of company stock valued at $4,666,569 in the last three months. 34.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on COCO shares. Bank of America boosted their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company boosted their price objective on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Stephens lowered shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective on the stock. in a report on Monday, January 27th. Finally, Craig Hallum boosted their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.