Analysts Set The Vita Coco Company, Inc. (NASDAQ:COCO) Price Target at $33.14

Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $33.14.

A number of equities analysts recently commented on the company. Craig Hallum increased their price objective on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Bank of America increased their price target on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th.

Vita Coco Stock Performance

Vita Coco stock opened at $34.60 on Tuesday. The firm’s 50 day moving average price is $35.54 and its two-hundred day moving average price is $30.49. The firm has a market cap of $1.96 billion, a PE ratio of 34.95, a P/E/G ratio of 2.02 and a beta of 0.31. Vita Coco has a twelve month low of $19.41 and a twelve month high of $37.88.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm had revenue of $133.00 million during the quarter, compared to analysts’ expectations of $138.56 million. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts anticipate that Vita Coco will post 1.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Jonathan Burth sold 14,836 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $37.61, for a total transaction of $557,981.96. Following the completion of the transaction, the chief operating officer now directly owns 105,417 shares in the company, valued at $3,964,733.37. The trade was a 12.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ira Liran sold 27,176 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $36.04, for a total transaction of $979,423.04. Following the completion of the sale, the director now owns 883,729 shares in the company, valued at approximately $31,849,593.16. The trade was a 2.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,624 shares of company stock valued at $5,285,497 in the last quarter. Insiders own 34.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in COCO. GAMMA Investing LLC increased its stake in Vita Coco by 84.9% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after acquiring an additional 360 shares during the period. Quest Partners LLC increased its position in shares of Vita Coco by 16,538.1% during the third 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 period. ProShare Advisors LLC acquired a new position in shares of Vita Coco in the second quarter valued at $141,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Vita Coco by 25.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock worth $199,000 after purchasing an additional 1,434 shares during the period. Finally, LVW Advisors LLC acquired a new stake in Vita Coco during the third quarter worth $209,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.