The Vita Coco Company, Inc. (NASDAQ:COCO) Receives $34.57 Consensus PT from Analysts

Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $34.57.

COCO has been the topic of a number of research analyst reports. Stephens reaffirmed an “equal weight” rating and set a $32.00 target price on shares of Vita Coco in a report on Thursday, March 27th. Wells Fargo & Company lowered their price objective on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group increased their target price on shares of Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 27th.

Vita Coco Trading Up 0.3 %

COCO opened at $30.82 on Thursday. Vita Coco has a twelve month low of $23.40 and a twelve month high of $40.32. The company has a fifty day simple moving average of $32.67 and a 200 day simple moving average of $34.22. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 2.25 and a beta of 0.38.

Insider Buying and Selling at Vita Coco

In other news, Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction on Friday, February 14th. The stock was sold at an average price of $40.07, for a total transaction of $810,816.45. Following the transaction, the director now owns 814,302 shares in the company, valued at approximately $32,629,081.14. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jonathan Burth sold 700 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.25, for a total value of $28,175.00. Following the completion of the sale, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at approximately $4,190,347. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,358 shares of company stock valued at $2,865,456. 34.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after buying an additional 360 shares during the period. Coppell Advisory Solutions LLC boosted its position in Vita Coco by 91.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock valued at $47,000 after purchasing an additional 613 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Vita Coco in the fourth quarter valued at about $52,000. Venturi Wealth Management LLC acquired a new position in Vita Coco in the 4th quarter worth about $66,000. Finally, Summit Investment Advisors Inc. raised its stake in shares of Vita Coco by 9.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company’s stock worth $152,000 after purchasing an additional 347 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

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.