Vita Coco (NASDAQ:COCO) Rating Lowered to Hold at Wall Street Zen

Vita Coco (NASDAQ:COCO) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts have also recently commented on COCO. Citigroup reiterated a “buy” rating on shares of Vita Coco in a research report on Tuesday, May 26th. Zacks Research cut shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. The Goldman Sachs Group set a $90.00 target price on shares of Vita Coco and gave the stock a “buy” rating in a research note on Thursday. Evercore upped their price target on shares of Vita Coco from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday. Finally, Piper Sandler upped their price target on shares of Vita Coco from $74.00 to $89.00 and gave the company an “overweight” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Vita Coco presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.29.

Vita Coco Stock Performance

COCO opened at $65.97 on Friday. Vita Coco has a 12 month low of $31.79 and a 12 month high of $85.83. The business’s 50-day moving average price is $75.33 and its 200-day moving average price is $62.42. The company has a market cap of $3.79 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.48 and a beta of 0.77.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Thursday, July 23rd. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.26. The company had revenue of $216.15 million during the quarter, compared to analysts’ expectations of $210.64 million. Vita Coco had a return on equity of 31.09% and a net margin of 15.50%.Vita Coco’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. Equities research analysts forecast that Vita Coco will post 1.88 earnings per share for the current fiscal year.

Insider Transactions at Vita Coco

In other news, Chairman Michael Kirban sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was 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 trade represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jonathan Burth sold 40,000 shares of Vita Coco stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $63.75, for a total value of $2,550,000.00. Following the sale, the chief operating officer owned 57,910 shares in the company, valued at $3,691,762.50. This represents a 40.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 546,950 shares of company stock worth $41,211,695. 12.90% of the stock is owned by company insiders.

Institutional Trading of Vita Coco

A number of hedge funds have recently modified their holdings of COCO. Caitong International Asset Management Co. Ltd grew its position in shares of Vita Coco by 2,636.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock worth $28,000 after buying an additional 501 shares during the period. Quarry LP increased its stake in shares of Vita Coco by 12,633.3% in the 3rd quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after acquiring an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Vita Coco by 5,376.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after acquiring an additional 1,344 shares during the period. GAMMA Investing LLC lifted its position in Vita Coco by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock valued at $60,000 after acquiring an additional 227 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in Vita Coco by 265.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company’s stock worth $70,000 after acquiring an additional 958 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Key Stories Impacting Vita Coco

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.