Wells Fargo & Company Has Lowered Expectations for Vita Coco (NASDAQ:COCO) Stock Price

Vita Coco (NASDAQ:COCO) had its price target reduced by investment analysts at Wells Fargo & Company from $63.00 to $60.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 22.88% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Evercore reiterated an “outperform” rating and set a $70.00 price objective on shares of Vita Coco in a research note on Thursday, March 12th. Zacks Research downgraded shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wall Street Zen downgraded shares of Vita Coco from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Morgan Stanley raised their price target on shares of Vita Coco from $49.00 to $57.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Vita Coco in a research note on Friday, March 27th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.43.

Vita Coco Stock Down 0.7%

Shares of Vita Coco stock opened at $48.83 on Wednesday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 1.55 and a beta of 0.47. Vita Coco has a 12-month low of $29.74 and a 12-month high of $61.39. The firm’s 50-day moving average price is $54.09 and its two-hundred day moving average price is $50.19.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The firm had revenue of $127.79 million for the quarter, compared to analyst estimates of $117.80 million. Vita Coco had a return on equity of 23.19% and a net margin of 11.70%.The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. On average, sell-side analysts expect that Vita Coco will post 1.07 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Martin Roper sold 25,000 shares of Vita Coco stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $50.95, for a total transaction of $1,273,750.00. Following the sale, the chief executive officer directly owned 298,484 shares in the company, valued at $15,207,759.80. This trade represents a 7.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kenneth Sadowsky sold 3,900 shares of Vita Coco stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $56.92, for a total transaction of $221,988.00. Following the sale, the director owned 590,466 shares in the company, valued at approximately $33,609,324.72. This represents a 0.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 217,800 shares of company stock worth $12,075,436 in the last quarter. Corporate insiders own 32.30% of the company’s stock.

Institutional Investors Weigh In On Vita Coco

Several hedge funds have recently added to or reduced their stakes in COCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Vita Coco by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,493 shares of the company’s stock worth $720,000 after buying an additional 1,174 shares during the period. JPMorgan Chase & Co. boosted its position in Vita Coco by 11.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 239,073 shares of the company’s stock worth $8,631,000 after buying an additional 24,427 shares during the period. EverSource Wealth Advisors LLC boosted its position in Vita Coco by 5,376.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $49,000 after buying an additional 1,344 shares during the period. Baird Financial Group Inc. boosted its position in Vita Coco by 32.4% during the 2nd quarter. Baird Financial Group Inc. now owns 130,318 shares of the company’s stock worth $4,704,000 after buying an additional 31,902 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Vita Coco during the 2nd quarter worth approximately $9,627,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Key Vita Coco News

Here are the key news stories impacting Vita Coco this week:

• Positive Sentiment: Brokerage consensus remains favorable — COCO is rated a “Moderate Buy” by brokerages, which supports longer‑term upside expectations. Article Title
• Neutral Sentiment: Wells Fargo trimmed its price target from $63 to $60 but kept an “Overweight” rating, signaling continued analyst confidence even as near‑term upside was modestly reduced. Article Title
• Negative Sentiment: CEO Martin Roper sold 25,000 shares (~7.73% reduction of his holding) under a pre‑arranged Rule 10b5‑1 plan for about $1.27M; insider sales can pressure sentiment even if planned. SEC Form 4
• Negative Sentiment: Pomerantz LLP announced an investor investigation into Vita Coco, signaling potential securities‑law concerns that often trigger selling and legal expense risk. Article Title
• Negative Sentiment: Kirby McInerney LLP issued a shareholder alert about potential securities‑law violations, adding to legal uncertainty and short‑term downside risk. Article Title

Vita Coco Company Profile

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.