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

The Vita Coco Company, Inc. (NASDAQ:COCO) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $34.57.

COCO has been the topic of a number of recent analyst reports. Stephens reaffirmed an “equal weight” rating and set a $32.00 price target on shares of Vita Coco in a research report on Thursday. The Goldman Sachs Group upped their target price on Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Bank of America raised their price target on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th.

Vita Coco Stock Down 0.3 %

Shares of Vita Coco stock opened at $29.85 on Friday. Vita Coco has a 52-week low of $23.00 and a 52-week high of $40.32. The firm’s 50 day moving average price is $36.12 and its 200-day moving average price is $33.94. The company has a market cap of $1.70 billion, a P/E ratio of 30.15, a PEG ratio of 2.25 and a beta of 0.34.

Insider Activity at Vita Coco

In other news, COO Jonathan Burth sold 4,052 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $37.60, for a total value of $152,355.20. Following the sale, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at $3,914,460.80. This represents a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ira Liran sold 20,235 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the completion of the sale, the director now owns 814,302 shares in the company, valued at $32,629,081.14. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,410 shares of company stock worth $3,017,811 over the last quarter. Insiders own 34.20% of the company’s stock.

Hedge Funds Weigh In On Vita Coco

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its position 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 in the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of Vita Coco by 91.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock worth $47,000 after purchasing an additional 613 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Vita Coco during the 4th quarter valued at approximately $52,000. Venturi Wealth Management LLC acquired a new position in shares of Vita Coco in the 4th quarter valued at $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 worth $99,000 after buying an additional 3,473 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.