Analysts Set The Vita Coco Company, Inc. (NASDAQ:COCO) PT at $30.00

The Vita Coco Company, Inc. (NASDAQ:COCO) has been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $30.00.

A number of research firms have recently weighed in on COCO. Piper Sandler downgraded Vita Coco from an “overweight” rating to a “neutral” rating and cut their target price for the company from $29.00 to $28.00 in a research report on Friday, July 12th. Bank of America boosted their price target on Vita Coco from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Stephens reissued an “overweight” rating and set a $31.00 price target on shares of Vita Coco in a report on Thursday, May 23rd. Jefferies Financial Group lowered their price target on Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their price target on Vita Coco from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th.

Insiders Place Their Bets

In other Vita Coco news, insider Es Charles Van sold 4,372 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $30.00, for a total value of $131,160.00. Following the completion of the transaction, the insider now owns 97,668 shares of the company’s stock, valued at approximately $2,930,040. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 34.20% of the company’s stock.

Institutional Investors Weigh In On Vita Coco

Institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. bought a new stake in shares of Vita Coco in the 4th quarter valued at about $60,000. New York State Teachers Retirement System bought a new stake in shares of Vita Coco in the 1st quarter valued at about $63,000. nVerses Capital LLC grew its position in shares of Vita Coco by 271.4% in the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after buying an additional 1,900 shares during the last quarter. CWM LLC grew its position in shares of Vita Coco by 40.7% in the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after buying an additional 787 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Vita Coco by 1,289.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,459 shares of the company’s stock valued at $89,000 after purchasing an additional 3,210 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Vita Coco Stock Performance

NASDAQ:COCO opened at $27.40 on Wednesday. The stock has a fifty day moving average price of $25.99 and a 200-day moving average price of $26.17. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 2.30 and a beta of 0.22. Vita Coco has a fifty-two week low of $19.41 and a fifty-two week high of $32.12.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $144.00 million during the quarter, compared to the consensus estimate of $144.08 million. Vita Coco had a return on equity of 26.42% and a net margin of 11.05%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. Research analysts predict that Vita Coco will post 0.95 EPS for the current fiscal 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.