Research Analysts Set Expectations for Vita Coco Q4 Earnings

The Vita Coco Company, Inc. (NASDAQ:COCO) – Research analysts at William Blair decreased their Q4 2024 EPS estimates for shares of Vita Coco in a research report issued on Wednesday, October 30th. William Blair analyst J. Andersen now expects that the company will post earnings per share of $0.10 for the quarter, down from their previous estimate of $0.11. The consensus estimate for Vita Coco’s current full-year earnings is $1.00 per share. William Blair also issued estimates for Vita Coco’s FY2025 earnings at $1.18 EPS.

Several other analysts have also recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Vita Coco from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Craig Hallum upped their target price on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler downgraded Vita Coco from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $29.00 to $28.00 in a report on Friday, July 12th. Jefferies Financial Group cut their price target on Vita Coco from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Bank of America upped their price target on shares of Vita Coco from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Vita Coco Stock Up 8.0 %

Shares of NASDAQ COCO opened at $31.97 on Friday. Vita Coco has a twelve month low of $19.41 and a twelve month high of $32.98. The firm has a market capitalization of $1.82 billion, a P/E ratio of 32.29, a P/E/G ratio of 2.45 and a beta of 0.23. The stock’s 50-day simple moving average is $27.98 and its two-hundred day simple moving average is $27.13.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $133.00 million during the quarter, compared to the consensus estimate of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 27.64%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS.

Insiders Place Their Bets

In other Vita Coco news, COO Jonathan Burth sold 905 shares of Vita Coco stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $30.04, for a total transaction of $27,186.20. Following the completion of the sale, the chief operating officer now owns 123,300 shares of the company’s stock, valued at approximately $3,703,932. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 4,949 shares of company stock valued at $148,585. 34.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vita Coco

A number of large investors have recently bought and sold shares of COCO. Champlain Investment Partners LLC purchased a new position in Vita Coco during the first quarter valued at $18,210,000. Victory Capital Management Inc. boosted its stake in shares of Vita Coco by 1,310.1% in the second quarter. Victory Capital Management Inc. now owns 433,968 shares of the company’s stock worth $12,086,000 after acquiring an additional 403,192 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Vita Coco during the second quarter worth approximately $9,859,000. Vanguard Group Inc. raised its stake in Vita Coco by 10.8% in the 1st quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock valued at $58,032,000 after purchasing an additional 230,991 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Vita Coco by 143.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after purchasing an additional 200,940 shares in the last quarter. Institutional investors and hedge funds own 88.49% 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.