Vita Coco (COCO) to Release Earnings on Wednesday

Vita Coco (NASDAQ:COCO) will likely be releasing 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 Stock Up 0.5 %

Shares of Vita Coco stock opened at $37.75 on Tuesday. Vita Coco has a twelve month low of $21.19 and a twelve month high of $40.32. The business has a 50-day moving average price of $36.75 and a 200 day moving average price of $32.56. The firm has a market cap of $2.14 billion, a PE ratio of 38.13, a P/E/G ratio of 2.25 and a beta of 0.30.

Analyst Upgrades and Downgrades

COCO has been the subject of several research reports. Wells Fargo & Company boosted their price objective on 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 objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Stephens lowered 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. Finally, Craig Hallum boosted their price objective on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.83.

Insider Activity

In other news, CEO Martin F. Roper sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.54, for a total value of $177,700.00. Following the completion of the sale, the chief executive officer now directly owns 392,152 shares in the company, valued at $13,937,082.08. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jonathan Burth sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $35.69, for a total value of $356,900.00. Following the completion of the sale, the chief operating officer now owns 106,849 shares of the company’s stock, valued at $3,813,440.81. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,270 shares of company stock worth $4,488,069 over the last ninety days. Corporate insiders own 34.20% of the company’s stock.

About Vita Coco

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.