FY2025 EPS Estimates for Vita Coco Cut by William Blair

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

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

Vita Coco Price Performance

Shares of NASDAQ COCO traded down $1.76 during trading hours on Monday, reaching $33.25. The stock had a trading volume of 738,134 shares, compared to its average volume of 601,438. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 2.25 and a beta of 0.38. Vita Coco has a twelve month low of $23.56 and a twelve month high of $40.32. The business's fifty day moving average is $32.29 and its two-hundred day moving average is $34.47.

Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.31 EPS for the quarter, beating 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 business had revenue of $130.92 million during the quarter, compared to analyst estimates of $125.64 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm's revenue for the quarter was up 17.2% on a year-over-year basis.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors have recently modified their holdings of COCO. GAMMA Investing LLC increased its holdings in shares of Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company's stock valued at $29,000 after purchasing an additional 360 shares in the last quarter. Coppell Advisory Solutions LLC boosted its position in Vita Coco by 91.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company's stock valued at $47,000 after buying an additional 613 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Vita Coco in the 4th quarter valued at $52,000. Venturi Wealth Management LLC bought a new stake in shares of Vita Coco during the fourth quarter worth $66,000. Finally, CWM LLC lifted its stake in shares of Vita Coco by 14.7% during the first quarter. CWM LLC now owns 2,868 shares of the company's stock valued at $88,000 after acquiring an additional 367 shares during the period. 88.49% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Michael Kirban sold 20,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $34.57, for a total value of $691,400.00. Following the completion of the sale, the chairman now directly owns 2,006,229 shares in the company, valued at approximately $69,355,336.53. This trade represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Jonathan Burth sold 700 shares of the company'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 transaction, the chief operating officer now owns 104,108 shares in the company, valued at approximately $4,190,347. This trade represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,358 shares of company stock worth $2,865,456. 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.