Vita Coco (NASDAQ:COCO) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Vita Coco (NASDAQ:COCO) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

COCO has been the subject of several other reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Vita Coco in a report on Friday, March 27th. Piper Sandler reaffirmed an “overweight” rating and set a $70.00 target price on shares of Vita Coco in a report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $71.00 target price on shares of Vita Coco in a report on Thursday. Morgan Stanley set a $65.00 target price on Vita Coco in a report on Thursday. Finally, Wells Fargo & Company upped their target price on Vita Coco from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.00.

Vita Coco Trading Up 1.2%

Vita Coco stock traded up $0.76 during midday trading on Thursday, hitting $66.75. The stock had a trading volume of 1,391,792 shares, compared to its average volume of 1,483,847. The stock has a market cap of $3.81 billion, a P/E ratio of 48.72, a P/E/G ratio of 1.62 and a beta of 0.72. Vita Coco has a 12 month low of $30.54 and a 12 month high of $69.58. The business has a fifty day moving average price of $52.70 and a 200 day moving average price of $51.20.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.16. The firm had revenue of $179.77 million during the quarter, compared to analyst estimates of $148.39 million. Vita Coco had a return on equity of 25.43% and a net margin of 12.59%.Vita Coco’s quarterly revenue was up 37.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. On average, equities analysts anticipate that Vita Coco will post 1.72 EPS for the current fiscal year.

Insider Buying and Selling at Vita Coco

In other news, CMO Jane Prior sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $52.92, for a total transaction of $2,646,000.00. Following the completion of the transaction, the chief marketing officer directly owned 127,399 shares in the company, valued at approximately $6,741,955.08. The trade was a 28.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Michael Kirban sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $68.00, for a total value of $3,400,000.00. Following the transaction, the chairman owned 515,681 shares of the company’s stock, valued at approximately $35,066,308. This represents a 8.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 477,800 shares of company stock valued at $27,053,262. 32.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vita Coco

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its position in Vita Coco by 2,636.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock worth $28,000 after purchasing an additional 501 shares during the period. Clearstead Advisors LLC lifted its position in Vita Coco by 22,500.0% in the third quarter. Clearstead Advisors LLC now owns 678 shares of the company’s stock worth $29,000 after purchasing an additional 675 shares during the period. Quarry LP lifted its position in Vita Coco by 12,633.3% in the third quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after purchasing an additional 758 shares during the period. GAMMA Investing LLC lifted its position in Vita Coco by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock worth $60,000 after purchasing an additional 227 shares during the period. Finally, Mather Group LLC. acquired a new stake in Vita Coco in the third quarter worth approximately $54,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Vita Coco News Summary

Here are the key news stories impacting Vita Coco this week:

• Positive Sentiment: Strong Q1 beat and raised guidance — COCO reported $0.50 EPS and ~ $180M revenue (≈+37% YoY), beat estimates, and raised full‑year revenue/EBITDA guidance; that print is the main catalyst for the recent rally. Press Release
• Positive Sentiment: Analyst upgrades and higher targets — Wells Fargo raised its price target to $75 and put an Overweight on COCO, and other banks (Goldman, Jefferies, Evercore) have also issued buy/outperform views, reinforcing buy‑side interest. Benzinga
• Positive Sentiment: Momentum/quality recognition — COCO was highlighted on Zacks’ momentum list and picked up coverage noting a 95+ composite rating, supporting the growth narrative among momentum investors. Zacks Momentum MSN: 95+ Rating
• Neutral Sentiment: Insider selling (planned 10b5‑1 trades) — CEO, COO and Chairman disclosed multiple share sales (large blocks in late April). These trades increase float near recent highs but were executed under pre‑arranged 10b5‑1 plans, which lowers governance alarm. Investors should watch follow‑through selling. SEC Form 4
• Neutral Sentiment: High institutional ownership — Institutions own ~88% of shares, which can amplify moves (momentum on the upside, or rapid rotation on any negative news). MarketBeat Profile
• Negative Sentiment: Investor litigation risk — Pomerantz announced an investigation into COCO, which can create headline risk, legal costs, and distracted management focus if it develops. PR Newswire
• Negative Sentiment: New geopolitical risk disclosure — The company flagged heightened geopolitical tensions as a potential pressure on costs, supply chain and margins; worsening conditions could hit gross margins or availability. TipRanks
• Negative Sentiment: Longer‑term skepticism — Some analysts/commentaries caution that COCO’s category is niche and competition could cap long‑term upside, tempering valuation expectations after the run. Seeking Alpha

About Vita Coco

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.