The Vita Coco Company, Inc. (NASDAQ:COCO) Receives $29.71 Consensus PT from Analysts

Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $29.71.

COCO has been the topic of a number of research reports. The Goldman Sachs Group dropped their price target on Vita Coco from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, January 30th. Piper Sandler raised their price target on Vita Coco from $24.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. TheStreet downgraded Vita Coco from a “b-” rating to a “c+” rating in a research note on Monday, January 22nd. Stephens upgraded Vita Coco from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research note on Thursday, February 29th. Finally, William Blair downgraded Vita Coco from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd.

Insider Transactions at Vita Coco

In other news, Director Ira Liran sold 13,998 shares of Vita Coco stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $25.02, for a total value of $350,229.96. Following the sale, the director now directly owns 645,942 shares of the company’s stock, valued at $16,161,468.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Vita Coco news, Chairman Michael Kirban sold 2,562 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $25.05, for a total transaction of $64,178.10. Following the sale, the chairman now directly owns 640,348 shares of the company’s stock, valued at $16,040,717.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ira Liran sold 13,998 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $25.02, for a total value of $350,229.96. Following the sale, the director now directly owns 645,942 shares in the company, valued at $16,161,468.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,353 shares of company stock valued at $1,309,536. 51.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vita Coco

Several large investors have recently added to or reduced their stakes in COCO. Headinvest LLC purchased a new position in shares of Vita Coco during the third quarter valued at approximately $29,000. Tower Research Capital LLC TRC boosted its position in shares of Vita Coco by 66.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,404 shares of the company’s stock valued at $38,000 after buying an additional 560 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Vita Coco during the fourth quarter valued at approximately $60,000. Royal Bank of Canada boosted its position in shares of Vita Coco by 37.2% during the second quarter. Royal Bank of Canada now owns 2,609 shares of the company’s stock valued at $70,000 after buying an additional 707 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Vita Coco by 154.1% during the second quarter. Legal & General Group Plc now owns 3,008 shares of the company’s stock valued at $29,000 after buying an additional 1,824 shares during the period. 88.49% of the stock is owned by institutional investors.

Vita Coco Trading Down 0.7 %

Vita Coco stock opened at $23.26 on Friday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 1.91 and a beta of 0.16. The stock has a fifty day simple moving average of $23.95 and a two-hundred day simple moving average of $25.19. Vita Coco has a 12 month low of $19.41 and a 12 month high of $33.29.

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, February 28th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $106.10 million during the quarter, compared to analyst estimates of $99.63 million. Vita Coco had a return on equity of 24.27% and a net margin of 9.45%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. On average, equities research analysts forecast that Vita Coco will post 0.92 EPS for the current fiscal year.

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.