The Vita Coco Company, Inc. (NASDAQ:COCO) Receives Average Rating of “Moderate Buy” from Analysts

The Vita Coco Company, Inc. (NASDAQ:COCO) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $34.83.

COCO has been the subject of several recent research reports. Wells Fargo & Company upped their price objective on Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Craig Hallum boosted their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Bank of America raised their target price on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Stephens cut shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target on the stock. in a research report on Monday, January 27th.

Vita Coco Trading Up 0.6 %

Shares of NASDAQ COCO opened at $37.54 on Friday. The company has a fifty day moving average price of $36.10 and a 200 day moving average price of $31.33. The firm has a market cap of $2.13 billion, a PE ratio of 37.92, a PEG ratio of 2.25 and a beta of 0.30. Vita Coco has a 1-year low of $19.85 and a 1-year high of $38.91.

Insider Buying and Selling at Vita Coco

In other Vita Coco news, COO Jonathan Burth sold 14,836 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $37.61, for a total value of $557,981.96. Following the sale, the chief operating officer now owns 105,417 shares in the company, valued at $3,964,733.37. This represents a 12.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Corey Baker sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $37.28, for a total value of $74,560.00. Following the completion of the sale, the chief financial officer now directly owns 44,346 shares of the company’s stock, valued at approximately $1,653,218.88. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,100 shares of company stock worth $4,237,123 over the last quarter. 34.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vita Coco

Several hedge funds have recently added to or reduced their stakes in COCO. GAMMA Investing LLC lifted its stake in shares of Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after buying an additional 360 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in Vita Coco in the 4th quarter valued at about $52,000. Venturi Wealth Management LLC acquired a new stake in Vita Coco during the fourth quarter worth approximately $66,000. Quest Partners LLC boosted its holdings in shares of Vita Coco by 16,538.1% during the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after acquiring an additional 3,473 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Vita Coco by 25.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock valued at $199,000 after purchasing an additional 1,434 shares during 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.