The Vita Coco Company, Inc. (NASDAQ:COCO) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat reports. Three 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 target among brokers that have issued ratings on the stock in the last year is $34.57.

Several research firms recently weighed in on COCO. Wells Fargo & Company cut their price target on Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Stephens reaffirmed an "equal weight" rating and issued a $32.00 target price on shares of Vita Coco in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group raised their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 27th.

Insider Buying and Selling at Vita Coco

In related news, COO Jonathan Burth sold 10,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $32.69, for a total transaction of $326,900.00. Following the completion of the transaction, the chief operating officer now owns 94,108 shares in the company, valued at $3,076,390.52. The trade was a 9.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $40.07, for a total transaction of $810,816.45. Following the sale, the director now owns 814,302 shares of the company's stock, 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 sold 79,358 shares of company stock worth $2,865,456 over the last 90 days. 34.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently bought and sold shares of COCO. GAMMA Investing LLC raised its holdings in shares of 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 in the last quarter. Coppell Advisory Solutions LLC lifted its stake 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 worth $47,000 after buying an additional 613 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Vita Coco during the 4th quarter valued at about $52,000. Venturi Wealth Management LLC purchased a new stake in Vita Coco in the fourth quarter valued at approximately $66,000. Finally, Summit Investment Advisors Inc. lifted its position in Vita Coco by 9.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock valued at $152,000 after purchasing an additional 347 shares during the period. 88.49% of the stock is owned by institutional investors.

Vita Coco Trading Up 0.3 %

Vita Coco stock traded up $0.09 on Thursday, hitting $30.82. 524,082 shares of the stock traded hands, compared to its average volume of 599,459. Vita Coco has a 1 year low of $23.40 and a 1 year high of $40.32. The business's fifty day simple moving average is $32.67 and its 200 day simple moving average is $34.22. The firm has a market cap of $1.76 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38.

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.