Analysts Set The Vita Coco Company, Inc. (NASDAQ:COCO) PT at $30.29

Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.00.

Several brokerages have recently weighed in on COCO. Jefferies Financial Group lowered their price objective on shares of Vita Coco from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday. Bank of America increased their price target on Vita Coco from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Wells Fargo & Company upped their price objective on Vita Coco from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Piper Sandler lowered shares of Vita Coco from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $29.00 to $28.00 in a research report on Friday, July 12th. Finally, Stephens reaffirmed an “overweight” rating and issued a $31.00 price target on shares of Vita Coco in a research note on Thursday, May 23rd.

Insider Buying and Selling

In other Vita Coco news, insider Es Charles Van sold 6,700 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $30.04, for a total transaction of $201,268.00. Following the transaction, the insider now owns 97,668 shares in the company, valued at approximately $2,933,946.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Es Charles Van sold 6,700 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $30.04, for a total value of $201,268.00. Following the completion of the transaction, the insider now owns 97,668 shares of the company’s stock, valued at approximately $2,933,946.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Zupo sold 5,017 shares of Vita Coco stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $27.62, for a total transaction of $138,569.54. Following the transaction, the director now directly owns 8,247 shares of the company’s stock, valued at $227,782.14. The disclosure for this sale can be found here. Insiders sold a total of 31,874 shares of company stock worth $945,365 in the last 90 days. 34.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Syon Capital LLC acquired a new stake in Vita Coco in the 4th quarter valued at approximately $113,931,000. abrdn plc acquired a new position in Vita Coco during the fourth quarter worth approximately $22,321,000. Champlain Investment Partners LLC acquired a new stake in Vita Coco during the 1st quarter worth $18,210,000. GW&K Investment Management LLC purchased a new position in Vita Coco during the fourth quarter worth about $13,358,000. Finally, Victory Capital Management Inc. raised its position in Vita Coco by 899.4% in the fourth quarter. Victory Capital Management Inc. now owns 277,823 shares of the company’s stock worth $7,126,000 after acquiring an additional 250,024 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Vita Coco Stock Performance

Shares of Vita Coco stock opened at $24.30 on Tuesday. Vita Coco has a 52-week low of $19.41 and a 52-week high of $33.29. The company has a 50-day simple moving average of $27.71 and a two-hundred day simple moving average of $25.23. The stock has a market capitalization of $1.38 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 1.46 and a beta of 0.23.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $112.00 million during the quarter, compared to analyst estimates of $111.72 million. Vita Coco had a return on equity of 26.27% and a net margin of 10.93%. Vita Coco’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, equities research analysts forecast that Vita Coco will post 1.01 EPS for the current fiscal year.

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.