Vita Coco (NASDAQ:COCO) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Vita Coco (NASDAQ:COCO) from a sell rating to a buy rating in a research note published on Saturday morning.

COCO has been the topic of several other research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Vita Coco in a report on Friday, March 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $71.00 target price on shares of Vita Coco in a research note on Thursday. Evercore reissued an “outperform” rating and issued a $70.00 target price on shares of Vita Coco in a research note on Thursday, March 12th. Piper Sandler reissued an “overweight” rating and issued a $70.00 target price on shares of Vita Coco in a research note on Wednesday. Finally, Zacks Research cut shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Vita Coco has an average rating of “Moderate Buy” and a consensus price target of $69.00.

Vita Coco Stock Performance

NASDAQ:COCO opened at $66.75 on Friday. The firm’s 50-day moving average is $52.70 and its 200-day moving average is $51.28. Vita Coco has a 52-week low of $30.54 and a 52-week high of $69.58. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 48.72, a PEG ratio of 1.64 and a beta of 0.72.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.16. Vita Coco had a net margin of 12.59% and a return on equity of 25.43%. The company had revenue of $179.77 million for the quarter, compared to the consensus estimate of $148.39 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue was up 37.4% compared to the same quarter last year. Equities analysts predict that Vita Coco will post 1.76 EPS for the current year.

Insider Transactions at Vita Coco

In other Vita Coco news, Director Ira Liran sold 30,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $56.65, for a total value of $1,699,500.00. Following the transaction, the director directly owned 572,579 shares in the company, valued at $32,436,600.35. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jonathan Burth sold 60,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $58.65, for a total transaction of $3,519,000.00. Following the completion of the transaction, the chief operating officer owned 57,910 shares in the company, valued at approximately $3,396,421.50. This trade represents a 50.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 477,800 shares of company stock valued at $27,053,262. 32.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vita Coco

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted 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 valued at $28,000 after buying an additional 501 shares in the last quarter. Clearstead Advisors LLC boosted 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 valued at $29,000 after buying an additional 675 shares in the last quarter. Quarry LP boosted its position in Vita Coco by 12,633.3% in the third quarter. Quarry LP now owns 764 shares of the company’s stock valued at $32,000 after buying an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Vita Coco by 5,376.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $49,000 after purchasing an additional 1,344 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Vita Coco during the third quarter worth approximately $54,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Vita Coco News Roundup

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

Vita Coco Company Profile

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.