The Vita Coco Company, Inc. (NASDAQ:COCO) Receives $34.57 Average Price Target from Analysts

Shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $34.57.

Several analysts have recently issued reports on COCO shares. Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Wells Fargo & Company decreased their price objective on Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Stephens restated an "equal weight" rating and set a $32.00 target price on shares of Vita Coco in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group lifted their price target on shares of Vita Coco from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th.

Vita Coco Price Performance

Shares of COCO stock traded down $0.20 during trading on Friday, reaching $29.83. The company's stock had a trading volume of 348,224 shares, compared to its average volume of 577,629. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 2.25 and a beta of 0.34. Vita Coco has a 1-year low of $23.00 and a 1-year high of $40.32. The stock's 50-day moving average price is $35.89 and its 200 day moving average price is $34.04.

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Insider Buying and Selling

In related news, COO Jonathan Burth sold 4,052 shares of the 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 transaction, the chief operating officer now directly owns 104,108 shares of the company's stock, valued at $3,914,460.80. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Michael Kirban sold 6,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the completion of the sale, the chairman now directly owns 1,663,049 shares of the company's stock, valued at approximately $58,206,715. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,410 shares of company stock worth $3,017,811 over the last 90 days. 34.20% of the stock is owned by insiders.

Institutional Trading of Vita Coco

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake 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 buying an additional 360 shares during the last quarter. Coppell Advisory Solutions LLC boosted its holdings in shares of Vita Coco by 91.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company's stock valued at $47,000 after acquiring 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 fourth quarter worth 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 raised its position in Vita Coco by 16,538.1% in the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company's stock valued at $99,000 after purchasing an additional 3,473 shares during the last quarter. Institutional investors and hedge funds 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.