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

Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $35.14.

COCO has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Wells Fargo & Company cut their target price on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Bank of America raised their target price on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note 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 target price for the company. in a research note on Monday, January 27th.

Vita Coco Price Performance

Shares of COCO opened at $33.86 on Wednesday. The firm has a 50-day moving average of $36.30 and a 200-day moving average of $33.07. Vita Coco has a one year low of $23.00 and a one year high of $40.32. The company has a market cap of $1.93 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34.

Insiders Place Their Bets

In other Vita Coco news, COO Jonathan Burth sold 700 shares of Vita Coco stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $40.25, for a total value of $28,175.00. Following the completion of the sale, the chief operating officer now owns 104,108 shares in the company, valued at $4,190,347. The trade was a 0.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $36.53, for a total transaction of $182,650.00. Following the completion of the sale, the chief executive officer now owns 357,152 shares of the company’s stock, valued at $13,046,762.56. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,632 shares of company stock worth $3,605,468 in the last quarter. 34.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vita Coco

Several hedge funds and other institutional investors have recently made changes to their positions in COCO. GAMMA Investing LLC raised its position in shares of Vita Coco by 84.9% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after buying an additional 360 shares in the last quarter. Coppell Advisory Solutions LLC raised its position in shares of Vita Coco by 91.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock valued at $47,000 after buying an additional 613 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Vita Coco in the 4th quarter valued at approximately $52,000. Venturi Wealth Management LLC acquired a new position in shares of Vita Coco in the 4th quarter valued at approximately $66,000. Finally, Quest Partners LLC raised its position in shares of Vita Coco by 16,538.1% in the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after buying an additional 3,473 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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.