Q2 2024 EPS Estimates for The Vita Coco Company, Inc. Boosted by Analyst (NASDAQ:COCO)

The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) - Analysts at William Blair raised their Q2 2024 earnings per share (EPS) estimates for shares of Vita Coco in a research report issued on Wednesday, May 1st. William Blair analyst J. Andersen now forecasts that the company will earn $0.36 per share for the quarter, up from their prior estimate of $0.33. William Blair has a "Market Perform" rating on the stock. The consensus estimate for Vita Coco's current full-year earnings is $0.92 per share. William Blair also issued estimates for Vita Coco's Q3 2024 earnings at $0.33 EPS, Q4 2024 earnings at $0.14 EPS and FY2025 earnings at $1.25 EPS.

Other research analysts have also issued reports about the company. TheStreet lowered Vita Coco from a "b-" rating to a "c+" rating in a research report on Monday, January 22nd. Stephens raised Vita Coco from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research report on Thursday, February 29th. The Goldman Sachs Group dropped their target price on Vita Coco from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, January 30th. Finally, Piper Sandler lifted their target price on Vita Coco from $24.00 to $28.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.71.

Vita Coco Trading Up 0.2 %

NASDAQ:COCO traded up $0.05 during mid-day trading on Friday, hitting $26.51. The company had a trading volume of 636,281 shares, compared to its average volume of 717,244. The business has a fifty day simple moving average of $24.76 and a 200-day simple moving average of $25.02. Vita Coco has a 1 year low of $19.41 and a 1 year high of $33.29. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 2.09 and a beta of 0.18.

Vita Coco (NASDAQ:COCO - Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $112.00 million for the quarter, compared to analyst estimates of $111.72 million. Vita Coco had a return on equity of 26.99% and a net margin of 10.93%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS.

Insider Transactions at Vita Coco

In related news, Director Ira Liran sold 13,998 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $25.02, for a total value of $350,229.96. Following the sale, the director now directly owns 645,942 shares in the company, valued at approximately $16,161,468.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Ira Liran sold 13,998 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $25.02, for a total value of $350,229.96. Following the sale, the director now directly owns 645,942 shares in the company, valued at approximately $16,161,468.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael Kirban sold 19,198 shares of the business's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $25.01, for a total value of $480,141.98. Following the completion of the sale, the chairman now directly owns 656,483 shares in the company, valued at approximately $16,418,639.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,353 shares of company stock worth $1,309,536. 51.10% of the stock is currently owned by company insiders.

Institutional Trading of Vita Coco

A number of large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its stake in Vita Coco by 0.5% during the third quarter. HighTower Advisors LLC now owns 127,316 shares of the company's stock valued at $3,314,000 after buying an additional 618 shares in the last quarter. Moran Wealth Management LLC boosted its holdings in shares of Vita Coco by 7.0% in the fourth quarter. Moran Wealth Management LLC now owns 9,473 shares of the company's stock worth $243,000 after buying an additional 619 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Vita Coco by 5.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,126 shares of the company's stock worth $337,000 after buying an additional 638 shares during the period. Headinvest LLC acquired a new position in shares of Vita Coco in the third quarter worth about $29,000. Finally, Versor Investments LP boosted its holdings in shares of Vita Coco by 9.9% in the fourth quarter. Versor Investments LP now owns 14,086 shares of the company's stock worth $361,000 after buying an additional 1,274 shares during the period. 88.49% of the stock is currently owned by institutional investors.

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.