William Blair Decreases Earnings Estimates for Vita Coco

The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) - Investment analysts at William Blair cut their FY2025 earnings per share estimates for Vita Coco in a research report issued on Wednesday, April 30th. William Blair analyst J. Andersen now expects that the company will post earnings of $1.18 per share for the year, down from their previous estimate of $1.24. The consensus estimate for Vita Coco's current full-year earnings is $1.07 per share.

A number of other equities analysts also recently issued reports on COCO. Evercore ISI lifted their price objective on shares of Vita Coco from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company reduced their price objective on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group set a $41.00 target price on Vita Coco and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Stephens reiterated an "equal weight" rating and set a $32.00 price target on shares of Vita Coco in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.38.

Vita Coco Trading Down 1.3 %

Shares of COCO traded down $0.45 during trading hours on Monday, reaching $35.06. The stock had a trading volume of 381,954 shares, compared to its average volume of 599,900. The firm has a 50-day simple moving average of $32.25 and a 200 day simple moving average of $34.44. Vita Coco has a 12 month low of $23.56 and a 12 month high of $40.32. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 2.25 and a beta of 0.38.

Vita Coco (NASDAQ:COCO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The firm had revenue of $130.92 million for the quarter, compared to the consensus estimate of $125.64 million. During the same quarter in the previous year, the company earned $0.24 EPS. The company's revenue for the quarter was up 17.2% on a year-over-year basis.

Institutional Trading of Vita Coco

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC grew its stake in shares of Vita Coco by 200.6% in the 3rd quarter. Barclays PLC now owns 69,504 shares of the company's stock valued at $1,969,000 after buying an additional 46,385 shares during the period. GAMMA Investing LLC grew its position in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $29,000 after acquiring an additional 360 shares during the period. West Coast Financial LLC increased its stake in Vita Coco by 1.2% during the fourth quarter. West Coast Financial LLC now owns 91,841 shares of the company's stock worth $3,390,000 after acquiring an additional 1,109 shares during the last quarter. SG Americas Securities LLC increased its stake in Vita Coco by 94.2% during the fourth quarter. SG Americas Securities LLC now owns 23,707 shares of the company's stock worth $875,000 after acquiring an additional 11,500 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in Vita Coco in the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 88.49% of the company's stock.

Insiders Place Their Bets

In other Vita Coco news, Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the completion of the sale, the director now owns 814,302 shares of the company's stock, valued at approximately $32,629,081.14. The trade was a 2.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Michael Kirban sold 6,000 shares of Vita Coco stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the sale, the chairman now owns 1,663,049 shares of the company's stock, valued at approximately $58,206,715. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,358 shares of company stock worth $2,865,456 over the last quarter. Company insiders own 34.20% of the company's stock.

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.