Brokerages Set The Vita Coco Company, Inc. (NASDAQ:COCO) Price Target at $31.00

The Vita Coco Company, Inc. (NASDAQ:COCO) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $31.00.

Separately, Craig Hallum raised their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

Insider Buying and Selling at Vita Coco

In other news, Director Ira Liran sold 27,176 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $36.04, for a total transaction of $979,423.04. Following the transaction, the director now directly owns 883,729 shares in the company, valued at $31,849,593.16. The trade was a 2.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jonathan Burth sold 2,244 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $30.01, for a total transaction of $67,342.44. Following the transaction, the chief operating officer now owns 124,605 shares in the company, valued at $3,739,396.05. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,313 shares of company stock worth $1,992,268. Insiders own 34.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC lifted its stake in Vita Coco by 271.4% in the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after purchasing an additional 1,900 shares during the last quarter. CWM LLC boosted its stake in Vita Coco by 40.7% during the second quarter. CWM LLC now owns 2,720 shares of the company’s stock worth $76,000 after acquiring an additional 787 shares in the last quarter. Comerica Bank lifted its stake in shares of Vita Coco by 1,155.7% in the first quarter. Comerica Bank now owns 3,993 shares of the company’s stock valued at $98,000 after buying an additional 3,675 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Vita Coco by 16,538.1% in the third 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. Finally, ProShare Advisors LLC bought a new position in shares of Vita Coco in the second quarter valued at $141,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Vita Coco Stock Down 0.8 %

Shares of COCO opened at $35.62 on Monday. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 35.98, a P/E/G ratio of 2.37 and a beta of 0.22. Vita Coco has a 12 month low of $19.41 and a 12 month high of $37.05. The company has a 50-day moving average price of $31.33 and a two-hundred day moving average price of $28.43.

Vita Coco (NASDAQ:COCO) last posted 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 company had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share. Equities research analysts expect that Vita Coco will post 1.07 EPS for the current fiscal year.

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.