In the latest trading session,, 0.47 million Vita Coco Company Inc (NASDAQ:COCO) shares changed hands as the company’s beta touched 0.38. With the company’s most recent per share price at $32.42 changing hands around $0.87 or 2.76% at last look, the market valuation stands at $1.85B. COCO’s current price is a discount, trading about -24.37% off its 52-week high of $40.32. The share price had its 52-week low at $23.40, which suggests the last value was 27.82% up since then. When we look at Vita Coco Company Inc’s average trading volume, we note the 10-day average is 0.65 million shares, with the 3-month average coming to 782.37K.
Analysts gave the Vita Coco Company Inc (COCO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended COCO as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Vita Coco Company Inc’s EPS for the current quarter is expected to be 0.35.
Vita Coco Company Inc (NASDAQ:COCO) trade information
Instantly COCO is in green as seen in intraday trades today. With action 3.91%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -12.16%, with the 5-day performance at 3.91% in the green. However, in the 30-day time frame, Vita Coco Company Inc (NASDAQ:COCO) is 5.77% up. Looking at the short shares, we see there were 4.91 million shares sold at short interest cover period of 5.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is 33, meaning bulls need an upside of 1.76% from its recent market value. According to analyst projections, COCO’s forecast low is 33 with 33 as the target high. To hit the forecast high, the stock’s price needs a -1.79% plunge from its current level, while the stock would need to soar -1.79% for it to hit the projected low.
Vita Coco Company Inc (COCO) estimates and forecasts
Year-over-year growth is forecast to reach 10.30% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 163.35M. 8 analysts are of the opinion that Vita Coco Company Inc’s revenue for the current quarter will be 151.41M. The company’s revenue for the corresponding quarters a year ago was 144.12M and 132.91M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.35%. The estimates for the next quarter sales put growth at 13.92%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 40.94%. The 2025 estimates are for Vita Coco Company Inc earnings to increase by 17.21%, but the outlook for the next 5-year period is at 20.38% per year.
COCO Dividends
Vita Coco Company Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
Vita Coco Company Inc (NASDAQ:COCO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.80% of Vita Coco Company Inc shares while 85.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.70%. There are 85.19% institutions holding the Vita Coco Company Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.1725% of the shares, roughly 2.93 million COCO shares worth $81.69 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.3145% or 2.45 million shares worth $68.14 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and WASATCH FUNDS TRUST-Wasatch Small Cap Value Fund . With 1.25 shares estimated at $41.26 million under it, the former controlled 2.20% of total outstanding shares. On the other hand, WASATCH FUNDS TRUST-Wasatch Small Cap Value Fund held about 1.83% of the shares, roughly 1.04 shares worth around $34.21 million.
