The Vita Coco Company, Inc. (NASDAQ:COCO) Receives $35.14 Consensus Target Price from Analysts

Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $35.14.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group increased their target price on shares of Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Bank of America increased their target price on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Stephens lowered shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price on the stock. in a report on Monday, January 27th.

Insider Buying and Selling

In related news, Director Ira Liran sold 1,723 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $40.02, for a total value of $68,954.46. Following the completion of the transaction, the director now owns 812,579 shares of the company’s stock, valued at approximately $32,519,411.58. This trade represents a 0.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jonathan Burth sold 700 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $40.25, for a total transaction of $28,175.00. Following the completion of the transaction, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at approximately $4,190,347. This trade represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,632 shares of company stock worth $3,605,468 over the last ninety days. Company insiders own 34.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. grew its position in Vita Coco by 9.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company’s stock valued at $152,000 after purchasing an additional 347 shares in the last quarter. GAMMA Investing LLC grew its position in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 360 shares in the last quarter. Coppell Advisory Solutions LLC grew its position in Vita Coco by 91.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock valued at $47,000 after purchasing an additional 613 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Vita Coco by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,319 shares of the company’s stock valued at $824,000 after purchasing an additional 842 shares in the last quarter. Finally, Moran Wealth Management LLC grew its position in Vita Coco by 4.8% in the fourth quarter. Moran Wealth Management LLC now owns 19,075 shares of the company’s stock valued at $704,000 after purchasing an additional 871 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Vita Coco Price Performance

Shares of NASDAQ COCO opened at $33.86 on Wednesday. The company’s 50 day simple moving average is $36.30 and its 200 day simple moving average is $33.07. Vita Coco has a fifty-two week low of $23.00 and a fifty-two week high of $40.32. The firm has a market capitalization of $1.93 billion, a P/E ratio of 34.20, a P/E/G ratio of 2.25 and a beta of 0.34.

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.