The Vita Coco Company, Inc. (NASDAQ:COCO) Receives Consensus Rating of “Moderate Buy” from Brokerages

The Vita Coco Company, Inc. (NASDAQ:COCO) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $35.14.

A number of brokerages have recently weighed in on COCO. Wells Fargo & Company lowered their price target on Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Stephens cut Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price on the stock. in a research note on Monday, January 27th. 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 report on Friday, December 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, February 27th.

Vita Coco Stock Performance

NASDAQ COCO opened at $33.36 on Wednesday. The firm’s 50 day moving average price is $36.50 and its two-hundred day moving average price is $32.91. Vita Coco has a twelve month low of $23.00 and a twelve month high of $40.32. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.25 and a beta of 0.30.

Insider Activity at Vita Coco

In other Vita Coco news, CEO Martin F. Roper sold 5,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $35.98, for a total value of $179,900.00. Following the completion of the sale, the chief executive officer now owns 372,152 shares of the company’s stock, valued at $13,390,028.96. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Corey Baker sold 2,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $37.28, for a total value of $74,560.00. Following the transaction, the chief financial officer now directly owns 44,346 shares in the company, valued at approximately $1,653,218.88. This represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,632 shares of company stock valued at $3,458,468. 34.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vita Coco

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 360 shares during the period. Coppell Advisory Solutions LLC grew its stake in Vita Coco by 91.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock valued at $47,000 after buying an additional 613 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in Vita Coco in the 4th quarter worth $52,000. Venturi Wealth Management LLC acquired a new position in Vita Coco during the 4th quarter worth $66,000. Finally, Quest Partners LLC boosted its holdings in 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 acquiring an additional 3,473 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

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.