Brokerages Set The Vita Coco Company, Inc. (NASDAQ:COCO) PT at $32.14

The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $32.14.

A number of brokerages recently issued reports on COCO. Bank of America boosted their target price 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. Craig Hallum boosted their price objective 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.

Vita Coco Stock Up 0.6 %

COCO stock traded up $0.22 during mid-day trading on Friday, reaching $35.86. 658,891 shares of the stock traded hands, compared to its average volume of 600,570. The firm has a market capitalization of $2.03 billion, a PE ratio of 36.22, a P/E/G ratio of 2.42 and a beta of 0.31. The business has a 50-day moving average of $33.77 and a two-hundred day moving average of $29.45. Vita Coco has a 52 week low of $19.41 and a 52 week high of $37.88.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.06. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm had revenue of $133.00 million for the quarter, compared to analyst estimates of $138.56 million. During the same quarter last year, the firm posted $0.26 EPS. The company's revenue was down 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Vita Coco will post 1.07 EPS for the current fiscal year.

Insider Transactions at Vita Coco

In other news, CEO Martin F. Roper sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $36.37, for a total value of $181,850.00. Following the sale, the chief executive officer now directly owns 337,152 shares in the company, valued at approximately $12,262,218.24. This represents a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ira Liran sold 27,176 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $36.04, for a total value of $979,423.04. Following the transaction, the director now owns 883,729 shares of the company's stock, valued at $31,849,593.16. This trade represents a 2.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 120,173 shares of company stock valued at $4,324,626. Company insiders own 34.20% of the company's stock.

Institutional Trading of Vita Coco

A number of large investors have recently bought and sold shares of COCO. nVerses Capital LLC boosted its stake 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 purchasing an additional 1,900 shares in the last quarter. Quest Partners LLC boosted its position in Vita Coco by 16,538.1% in the third quarter. Quest Partners LLC now owns 3,494 shares of the company's stock valued at $99,000 after buying an additional 3,473 shares in the last quarter. ProShare Advisors LLC bought a new stake in Vita Coco during the second quarter worth about $141,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Vita Coco by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company's stock worth $199,000 after buying an additional 1,434 shares in the last quarter. Finally, LVW Advisors LLC acquired a new position in shares of Vita Coco in the 3rd quarter worth approximately $209,000. 88.49% of the stock is currently owned by institutional investors.

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.