Analysts Set The Vita Coco Company, Inc. (NASDAQ:COCO) Price Target at $32.14

The Vita Coco Company, Inc. (NASDAQ:COCO) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $32.14.

Several research firms have issued reports on COCO. Craig Hallum boosted their price objective on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Bank of America boosted 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.

Vita Coco Price Performance

COCO stock opened at $35.86 on Friday. The firm has a market cap of $2.03 billion, a PE ratio of 36.22, a P/E/G ratio of 2.42 and a beta of 0.31. Vita Coco has a 12 month low of $19.41 and a 12 month high of $37.88. The firm has a 50 day simple moving average of $33.92 and a 200 day simple moving average of $29.52.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.06. The business had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. As a group, sell-side analysts expect that Vita Coco will post 1.07 earnings per share for the current year.

Insider Transactions at Vita Coco

In other Vita Coco news, CEO Martin F. Roper sold 5,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $35.85, for a total value of $179,250.00. Following the transaction, the chief executive officer now owns 452,452 shares in the company, valued at $16,220,404.20. The trade was a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jonathan Burth sold 905 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $30.04, for a total value of $27,186.20. Following the sale, the chief operating officer now directly owns 123,300 shares of the company’s stock, valued at $3,703,932. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 150,173 shares of company stock valued at $5,392,026 over the last three months. 34.20% of the stock is owned by corporate insiders.

Institutional Trading of Vita Coco

A number of institutional investors have recently added to or reduced their stakes in COCO. Wasatch Advisors LP raised its holdings in shares of Vita Coco by 299.0% during the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after purchasing an additional 1,799,168 shares in the last quarter. Geode Capital Management LLC increased its position in Vita Coco by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock worth $29,494,000 after buying an additional 101,823 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Vita Coco by 106.4% during the third quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after buying an additional 461,748 shares in the last quarter. State Street Corp lifted its position in shares of Vita Coco by 4.7% in the third quarter. State Street Corp now owns 876,774 shares of the company’s stock worth $24,821,000 after buying an additional 39,431 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Vita Coco by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 776,469 shares of the company’s stock worth $21,623,000 after acquiring an additional 156,033 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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.