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

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

COCO has been the subject of a number of recent research reports. The Goldman Sachs Group raised their target price on Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Stephens lowered Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective for the company. in a research note on Monday, January 27th. Wells Fargo & Company lowered their price target on Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Finally, Bank of America lifted their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th.

Insider Transactions at Vita Coco

In related news, CEO Martin F. Roper sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $36.53, for a total value of $182,650.00. Following the completion of the transaction, the chief executive officer now owns 357,152 shares of the company’s stock, valued at approximately $13,046,762.56. This represents a 1.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ira Liran sold 30,000 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $35.58, for a total transaction of $1,067,400.00. Following the completion of the transaction, the director now directly owns 853,729 shares of the company’s stock, valued at $30,375,677.82. This represents a 3.39 % 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 three months. Corporate insiders own 34.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Vita Coco by 84.9% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after buying an additional 360 shares during the period. Coppell Advisory Solutions LLC boosted its holdings in shares of Vita Coco by 91.5% during the 4th 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 during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Vita Coco during the 4th quarter valued at about $52,000. Venturi Wealth Management LLC bought a new position in shares of Vita Coco during the 4th quarter valued at about $66,000. Finally, Quest Partners LLC boosted its holdings in shares of Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after purchasing an additional 3,473 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

Vita Coco Trading Up 5.3 %

NASDAQ COCO opened at $33.86 on Wednesday. The business’s 50-day moving average price is $36.30 and its two-hundred day moving average price is $32.96. Vita Coco has a 12 month low of $23.00 and a 12 month high of $40.32. The firm has a market capitalization 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.

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.