Vita Coco Company, Inc. (NASDAQ:COCO) Receives $71.00 Average Price Target from Analysts

Shares of Vita Coco Company, Inc. (NASDAQ:COCO) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $77.2857.

COCO has been the topic of a number of recent analyst reports. Morgan Stanley set a $65.00 price objective on Vita Coco in a report on Thursday, April 30th. Weiss Ratings upgraded Vita Coco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Vita Coco in a report on Tuesday, May 26th. Zacks Research lowered shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, The Goldman Sachs Group set a $90.00 price objective on shares of Vita Coco and gave the stock a “buy” rating in a report on Thursday.

Insider Activity at Vita Coco

In other Vita Coco news, Chairman Michael Kirban sold 50,000 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $68.00, for a total value of $3,400,000.00. Following the completion of the transaction, the chairman owned 515,681 shares in the company, valued at $35,066,308. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Martin Roper sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the transaction, the chief executive officer directly owned 298,484 shares in the company, valued at approximately $14,924,200. The trade was a 7.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 571,950 shares of company stock valued at $42,461,695. Corporate insiders own 12.90% of the company’s stock.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors have recently modified their holdings of the business. Wasatch Advisors LP raised its position in Vita Coco by 80.3% in the 1st quarter. Wasatch Advisors LP now owns 3,675,489 shares of the company’s stock valued at $176,093,000 after purchasing an additional 1,637,437 shares during the last quarter. Vanguard Group Inc. grew its position in Vita Coco by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 3,149,584 shares of the company’s stock worth $166,959,000 after purchasing an additional 237,510 shares during the last quarter. Wellington Management Group LLP grew its position in Vita Coco by 22.1% during the 4th quarter. Wellington Management Group LLP now owns 2,432,362 shares of the company’s stock worth $128,940,000 after purchasing an additional 439,958 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Vita Coco in the fourth quarter valued at $73,242,000. Finally, Ameriprise Financial Inc. increased its stake in Vita Coco by 135.5% in the third quarter. Ameriprise Financial Inc. now owns 1,282,310 shares of the company’s stock valued at $54,460,000 after purchasing an additional 737,823 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

Vita Coco Stock Down 4.9%

Shares of Vita Coco stock opened at $65.97 on Friday. Vita Coco has a 52-week low of $31.79 and a 52-week high of $85.83. The company has a 50 day moving average of $75.33 and a 200 day moving average of $62.36. The company has a market capitalization of $3.77 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.66 and a beta of 0.77.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.56 by $0.26. Vita Coco had a net margin of 15.50% and a return on equity of 31.09%. The company had revenue of $216.15 million during the quarter, compared to analysts’ expectations of $210.64 million. During the same quarter in the previous year, the business posted $0.38 EPS. The firm’s revenue was up 28.1% on a year-over-year basis. As a group, research analysts anticipate that Vita Coco will post 1.77 earnings per share for the current fiscal year.

More Vita Coco News

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

• Positive Sentiment: Vita Coco delivered a big Q2 beat, with earnings of $0.82 per share versus $0.56 expected and revenue of $216.15 million above estimates. The company also raised full-year 2026 guidance for net sales to $790 million-$805 million and adjusted EBITDA to $154 million-$161 million, signaling stronger momentum ahead. Article Title
• Positive Sentiment: The company announced the acquisition of Copra, a Thai Nam Hom coconut water producer, which should help Vita Coco expand into the fast-growing super-premium coconut water market and support category growth. Article Title
• Positive Sentiment: Analyst sentiment improved after the results, with Evercore raising its price target to $80 from $75 and Piper Sandler lifting its target to $89 from $74, reflecting confidence in continued upside. Article Title
• Neutral Sentiment: The company’s acquisition also comes with added execution complexity, and a newly highlighted manufacturing risk around in-house Copra production may make investors more cautious about integration and operational costs. Article Title

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.