Vita Coco (NASDAQ:COCO) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Vita Coco (NASDAQ:COCO) had its target price upped by investment analysts at The Goldman Sachs Group from $34.00 to $38.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 17.14% from the stock’s current price.

COCO has been the subject of a number of other research reports. Stephens downgraded Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target for the company. in a report on Monday, January 27th. Wells Fargo & Company increased their target price on Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Bank of America lifted 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, Craig Hallum upped their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Vita Coco has an average rating of “Moderate Buy” and an average price target of $35.14.

Vita Coco Price Performance

Shares of COCO stock opened at $32.44 on Thursday. The company’s fifty day moving average price is $36.68 and its two-hundred day moving average price is $32.66. The firm has a market capitalization of $1.84 billion, a P/E ratio of 32.77, a P/E/G ratio of 2.25 and a beta of 0.30. Vita Coco has a 12 month low of $23.00 and a 12 month high of $40.32.

Insider Buying and Selling at Vita Coco

In related news, CEO Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $35.54, for a total value of $177,700.00. Following the sale, the chief executive officer now owns 392,152 shares of the company’s stock, valued at approximately $13,937,082.08. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ira Liran sold 1,723 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.02, for a total value of $68,954.46. Following the transaction, the director now owns 812,579 shares of the company’s stock, valued at approximately $32,519,411.58. The trade was a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 116,270 shares of company stock worth $4,309,019 over the last 90 days. Insiders own 34.20% of the company’s stock.

Hedge Funds Weigh In On Vita Coco

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Vita Coco by 84.9% in the 4th 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 last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of Vita Coco by 91.5% during the fourth 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. acquired a new position in shares of Vita Coco during the fourth quarter worth approximately $52,000. Venturi Wealth Management LLC acquired a new position in shares of Vita Coco during the fourth quarter worth approximately $66,000. Finally, Quest Partners LLC grew its holdings in Vita Coco by 16,538.1% in the 3rd 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 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.