The Vita Coco Company, Inc. (NASDAQ:COCO) Receives $34.83 Consensus Price Target from Analysts

The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three 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 $34.83.

A number of analysts recently weighed in on COCO shares. Stephens downgraded shares of Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 price target on the stock. in a research report on Monday, January 27th. Wells Fargo & Company raised their target price on shares of Vita Coco from $33.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Craig Hallum raised their target price on shares of Vita Coco from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Bank of America raised their target price on shares of Vita Coco from $30.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, December 6th.

Insider Activity

In other news, Director Ira Liran sold 30,000 shares of Vita Coco stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $35.58, for a total value of $1,067,400.00. Following the sale, the director now directly owns 853,729 shares in the company, valued at $30,375,677.82. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Martin F. Roper sold 5,000 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $35.07, for a total transaction of $175,350.00. Following the completion of the transaction, the chief executive officer now directly owns 437,152 shares of the company's stock, valued at $15,330,920.64. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 112,100 shares of company stock worth $4,060,373 over the last ninety days. Insiders own 34.20% of the company's stock.

Hedge Funds Weigh In On Vita Coco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Vita Coco by 84.9% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $29,000 after purchasing an additional 360 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Vita Coco during the fourth quarter worth $52,000. Venturi Wealth Management LLC acquired a new stake in shares of Vita Coco during the fourth quarter worth $66,000. Quest Partners LLC lifted its holdings in shares of Vita Coco by 16,538.1% during the third 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. Finally, Entropy Technologies LP acquired a new stake in shares of Vita Coco during the fourth quarter worth $220,000. 88.49% of the stock is owned by institutional investors.

Vita Coco Trading Up 0.1 %

Shares of NASDAQ:COCO traded up $0.04 during mid-day trading on Friday, reaching $39.42. The stock had a trading volume of 813,877 shares, compared to its average volume of 553,284. The firm has a market cap of $2.24 billion, a PE ratio of 39.82, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30. The firm has a 50 day simple moving average of $36.22 and a two-hundred day simple moving average of $31.61. Vita Coco has a twelve month low of $19.86 and a twelve month high of $39.97.

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.