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

Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $33.14.

COCO has been the subject of several recent analyst reports. Bank of America upped their price objective 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. Wells Fargo & Company increased their price target on shares of Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Finally, Craig Hallum boosted their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Insider Activity at Vita Coco

In other news, Director Ira Liran sold 30,000 shares of Vita Coco stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $35.58, for a total transaction of $1,067,400.00. Following the sale, the director now directly owns 853,729 shares of the company’s stock, valued at approximately $30,375,677.82. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jonathan Burth sold 905 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $30.04, for a total value of $27,186.20. Following the completion of the transaction, the chief operating officer now directly owns 123,300 shares of the company’s stock, valued at $3,703,932. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,929 shares of company stock valued at $5,324,683 in the last 90 days. 34.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vita Coco

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Arizona State Retirement System raised its position in shares of Vita Coco by 9.5% during the second quarter. Arizona State Retirement System now owns 11,107 shares of the company’s stock worth $309,000 after acquiring an additional 960 shares during the last quarter. US Bancorp DE lifted its stake in shares of Vita Coco by 8.5% in the third quarter. US Bancorp DE now owns 14,968 shares of the company’s stock worth $424,000 after acquiring an additional 1,178 shares during the period. Captrust Financial Advisors boosted its holdings in Vita Coco by 7.2% in the third quarter. Captrust Financial Advisors now owns 21,291 shares of the company’s stock valued at $603,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Vita Coco by 25.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock valued at $199,000 after purchasing an additional 1,434 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Vita Coco Stock Up 1.6 %

Shares of NASDAQ:COCO opened at $34.13 on Tuesday. Vita Coco has a 12-month low of $19.41 and a 12-month high of $37.88. The company’s 50 day moving average price is $35.62 and its two-hundred day moving average price is $30.26. The firm has a market cap of $1.94 billion, a PE ratio of 34.47, a PEG ratio of 2.42 and a beta of 0.31.

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

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.