Vita Coco Company, Inc. (NASDAQ:COCO) Receives $45.29 Consensus PT from Analysts

Shares of Vita Coco Company, Inc. (NASDAQ:COCO) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $45.2857.

Several brokerages have recently issued reports on COCO. Weiss Ratings reissued a “buy (b-)” rating on shares of Vita Coco in a research report on Wednesday, October 8th. Piper Sandler set a $47.00 target price on shares of Vita Coco and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Bank of America raised their price target on shares of Vita Coco from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Vita Coco from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, The Goldman Sachs Group upped their price objective on Vita Coco from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th.

Insider Activity at Vita Coco

In related news, COO Jonathan Burth sold 22,334 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $45.94, for a total transaction of $1,026,023.96. Following the sale, the chief operating officer directly owned 76,127 shares in the company, valued at approximately $3,497,274.38. This represents a 22.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jane Prior sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $45.24, for a total transaction of $452,400.00. Following the completion of the sale, the chief marketing officer directly owned 123,666 shares in the company, valued at approximately $5,594,649.84. This trade represents a 7.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,651,532 shares of company stock worth $149,565,247 over the last quarter. 32.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vita Coco

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of Vita Coco by 0.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 33,541 shares of the company’s stock worth $1,424,000 after purchasing an additional 298 shares during the last quarter. US Bancorp DE raised its stake in Vita Coco by 7.5% in the first quarter. US Bancorp DE now owns 5,247 shares of the company’s stock valued at $161,000 after buying an additional 364 shares in the last quarter. CWM LLC raised its stake in Vita Coco by 14.7% in the first quarter. CWM LLC now owns 2,868 shares of the company’s stock valued at $88,000 after buying an additional 367 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Vita Coco by 3.2% during the 2nd quarter. Schroder Investment Management Group now owns 12,041 shares of the company’s stock worth $435,000 after buying an additional 376 shares during the last quarter. Finally, Cim LLC boosted its position in shares of Vita Coco by 3.8% during the 2nd quarter. Cim LLC now owns 13,904 shares of the company’s stock worth $502,000 after acquiring an additional 514 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Vita Coco Stock Up 3.1%

NASDAQ:COCO opened at $43.14 on Monday. Vita Coco has a 52 week low of $25.79 and a 52 week high of $48.67. The stock’s fifty day moving average is $40.92 and its two-hundred day moving average is $37.29. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 2.62 and a beta of 0.39.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. Vita Coco had a return on equity of 25.08% and a net margin of 11.35%.The business had revenue of $182.31 million during the quarter, compared to analysts’ expectations of $154.96 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 37.2% on a year-over-year basis. Vita Coco has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Vita Coco will post 1.07 EPS for the current fiscal year.

Vita Coco Company Profile

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.