Vita Coco Company, Inc. (NASDAQ:COCO) Receives Average Rating of “Hold” from Analysts

Shares of Vita Coco Company, Inc. (NASDAQ:COCO) have received a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $45.2857.

COCO has been the topic of a number of research reports. Needham & Company LLC began coverage on Vita Coco in a research report on Wednesday, September 24th. They set a “hold” rating on the stock. Zacks Research cut Vita Coco from a “hold” rating to a “strong sell” rating in a report on Thursday, October 9th. Bank of America upped their price objective on Vita Coco from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vita Coco in a research report on Wednesday, October 8th. Finally, Piper Sandler set a $47.00 price target on shares of Vita Coco and gave the company an “overweight” rating in a research report on Wednesday, October 29th.

Insiders Place Their Bets

In other news, Director Ira Liran sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $41.40, for a total transaction of $828,000.00. Following the completion of the transaction, the director directly owned 538,341 shares in the company, valued at $22,287,317.40. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jonathan Burth sold 22,334 shares of Vita Coco stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $45.94, for a total value of $1,026,023.96. Following the completion of the transaction, the chief operating officer directly owned 76,127 shares in the company, valued at approximately $3,497,274.38. This represents a 22.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,651,532 shares of company stock valued at $149,565,247 over the last ninety days. 34.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Vita Coco during the third quarter worth approximately $62,815,000. Voya Investment Management LLC boosted its holdings in shares of Vita Coco by 3,376.9% during the 1st quarter. Voya Investment Management LLC now owns 586,969 shares of the company’s stock worth $17,991,000 after buying an additional 570,087 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Vita Coco during the 2nd quarter worth approximately $9,627,000. Wellington Management Group LLP increased its stake in shares of Vita Coco by 102.2% in the 1st quarter. Wellington Management Group LLP now owns 511,462 shares of the company’s stock valued at $15,676,000 after acquiring an additional 258,521 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Vita Coco by 62.2% during the 1st quarter. Victory Capital Management Inc. now owns 645,225 shares of the company’s stock valued at $19,776,000 after acquiring an additional 247,339 shares during the period. Institutional investors own 88.49% of the company’s stock.

Vita Coco Trading Up 0.7%

Shares of Vita Coco stock opened at $42.11 on Monday. The firm’s 50 day moving average is $40.57 and its 200 day moving average is $37.10. The firm has a market capitalization of $2.40 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.39. Vita Coco has a 1 year low of $25.79 and a 1 year high of $48.67.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The firm had revenue of $182.31 million for the quarter, compared to analyst estimates of $154.96 million. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The company’s quarterly revenue was up 37.2% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. Vita Coco has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Vita Coco will post 1.07 earnings per share for the current year.

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.