Vita Coco (COCO) to Release Quarterly Earnings on Wednesday

Vita Coco (NASDAQ:COCO - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $125.64 million for the quarter.

Vita Coco Price Performance

Shares of COCO traded down $0.75 during midday trading on Monday, hitting $30.07. The stock had a trading volume of 243,201 shares, compared to its average volume of 598,104. Vita Coco has a 1 year low of $23.40 and a 1 year high of $40.32. The stock's 50 day moving average is $32.67 and its 200 day moving average is $34.26. The firm has a market cap of $1.71 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38.

Insider Activity at Vita Coco

In related news, COO Jonathan Burth sold 700 shares of the firm's stock in a transaction that occurred on 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 $4,190,347. This trade represents a 0.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Michael Kirban sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $35.00, for a total value of $210,000.00. Following the completion of the transaction, the chairman now owns 1,663,049 shares in the company, valued at $58,206,715. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,358 shares of company stock valued at $2,865,456 over the last three months. 34.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COCO. Wells Fargo & Company lowered their target price on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Stephens reissued an "equal weight" rating and set a $32.00 target price on shares of Vita Coco in a report on Thursday, March 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.57.

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.