Analysts Set The Vita Coco Company, Inc. (NASDAQ:COCO) PT at $34.83

The Vita Coco Company, Inc. (NASDAQ:COCO) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $34.83.

Several research firms have issued reports on COCO. Wells Fargo & Company lifted their price objective on Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Bank of America upped their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Craig Hallum increased their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. 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 research note on Monday, January 27th.

Vita Coco Stock Performance

Shares of NASDAQ COCO opened at $39.38 on Friday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 2.24 and a beta of 0.30. Vita Coco has a 1 year low of $19.86 and a 1 year high of $39.74. The stock’s 50-day simple moving average is $36.14 and its 200-day simple moving average is $31.50.

Insider Buying and Selling at Vita Coco

In other news, COO Jonathan Burth sold 4,052 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $37.60, for a total transaction of $152,355.20. Following the completion of the transaction, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at approximately $3,914,460.80. This represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $35.07, for a total value of $175,350.00. Following the completion of the sale, the chief executive officer now directly owns 437,152 shares in the company, valued at approximately $15,330,920.64. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 112,100 shares of company stock worth $4,060,373 over the last 90 days. Insiders own 34.20% of the company’s stock.

Institutional Trading of Vita Coco

Large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares in the last quarter. Moran Wealth Management LLC grew its position in Vita Coco by 4.8% in the 4th quarter. Moran Wealth Management LLC now owns 19,075 shares of the company’s stock valued at $704,000 after buying an additional 871 shares in the last quarter. West Coast Financial LLC grew its position in Vita Coco by 1.2% in the 4th quarter. West Coast Financial LLC now owns 91,841 shares of the company’s stock valued at $3,390,000 after buying an additional 1,109 shares in the last quarter. US Bancorp DE increased its stake in Vita Coco by 8.5% during the 3rd quarter. US Bancorp DE now owns 14,968 shares of the company’s stock valued at $424,000 after buying an additional 1,178 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Vita Coco by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 325,370 shares of the company’s stock worth $12,009,000 after buying an additional 1,329 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.