Vita Coco (NASDAQ:COCO – Get Rating) posted its quarterly earnings data on Wednesday. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02, MarketWatch Earnings reports. Vita Coco updated its FY 2022 guidance to EPS.
Shares of NASDAQ:COCO traded down $0.91 on Thursday, reaching $9.08. The company had a trading volume of 918,899 shares, compared to its average volume of 376,576. The company has a 50-day moving average of $9.65. Vita Coco has a twelve month low of $7.51 and a twelve month high of $18.61.
In other Vita Coco news, CEO Martin F. Roper acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was acquired at an average cost of $8.45 per share, for a total transaction of $422,500.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kenneth Sadowsky purchased 10,000 shares of Vita Coco stock in a transaction dated Monday, March 14th. The shares were acquired at an average cost of $7.87 per share, for a total transaction of $78,700.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 85,000 shares of company stock worth $727,700.
Several equities research analysts have weighed in on COCO shares. Zacks Investment Research cut Vita Coco from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America downgraded Vita Coco from a “buy” rating to a “neutral” rating and cut their target price for the company from $15.00 to $10.00 in a research report on Monday, March 14th. Wells Fargo & Company reduced their price target on shares of Vita Coco from $15.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, March 11th. The Goldman Sachs Group reduced their price target on shares of Vita Coco from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, April 4th. Finally, Credit Suisse Group cut their price target on shares of Vita Coco from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, March 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Vita Coco presently has a consensus rating of “Buy” and an average target price of $15.43.
About Vita Coco (Get Rating)
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, and the Asia Pacific. The company offers coconut oil and coconut milk; Hydration Drink Mix, a powdered form of flavored coconut water; sparkling water; Runa, a plant-based energy drink; purified water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.
- Get a free copy of the StockNews.com research report on Vita Coco (COCO)
- Carvana Insiders Buy Shares But Maybe You Shouldn’t
- Dutch Bros Gets Scalded By Inflation
- The S&P 500 Could Fall Another 28%
- Corning Stock is a Technology Value Play
- Wolverine Worldwide Is Ready To Rebound
Receive News & Ratings for Vita Coco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vita Coco and related companies with MarketBeat.com's FREE daily email newsletter.