Vita Coco (NASDAQ:COCO) Given New $89.00 Price Target at Piper Sandler

Vita Coco (NASDAQ:COCO) had its price objective raised by Piper Sandler from $74.00 to $89.00 in a research report released on Friday morning, MarketBeat.com reports. The firm currently has an overweight rating on the stock.

Several other research firms also recently issued reports on COCO. Zacks Research downgraded Vita Coco from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Jefferies Financial Group lifted their price objective on shares of Vita Coco from $63.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $65.00 target price on Vita Coco in a research report on Thursday, April 30th. The Goldman Sachs Group set a $90.00 price target on shares of Vita Coco and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company increased their target price on shares of Vita Coco from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Eight investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.29.

Vita Coco Stock Performance

Vita Coco stock opened at $65.97 on Friday. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. Vita Coco has a 1 year low of $31.79 and a 1 year high of $85.83. The firm’s 50 day moving average price is $75.33 and its two-hundred day moving average price is $62.36.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.26. The business had revenue of $216.15 million during the quarter, compared to analyst estimates of $210.64 million. Vita Coco had a return on equity of 31.09% and a net margin of 15.50%.The company’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. As a group, equities analysts predict that Vita Coco will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling at Vita Coco

In related news, Chairman Michael Kirban sold 50,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $68.00, for a total transaction of $3,400,000.00. Following the completion of the sale, the chairman owned 515,681 shares in the company, valued at $35,066,308. This trade represents a 8.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Martin Roper sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the sale, the chief executive officer directly owned 298,484 shares of the company’s stock, valued at approximately $14,924,200. The trade was a 7.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 571,950 shares of company stock worth $42,461,695 in the last three months. 12.90% of the stock is currently owned by company insiders.

Institutional Trading of Vita Coco

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its position in Vita Coco by 2,636.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock valued at $28,000 after buying an additional 501 shares during the last quarter. Quarry LP boosted its stake in Vita Coco by 12,633.3% in the third quarter. Quarry LP now owns 764 shares of the company’s stock valued at $32,000 after acquiring an additional 758 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Vita Coco by 5,376.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after acquiring an additional 1,344 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Vita Coco by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock worth $60,000 after purchasing an additional 227 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Vita Coco by 265.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company’s stock valued at $70,000 after purchasing an additional 958 shares during the period. Institutional investors own 88.49% of the company’s stock.

Trending Headlines about Vita Coco

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

• Positive Sentiment: Vita Coco delivered a big Q2 beat, with earnings of $0.82 per share versus $0.56 expected and revenue of $216.15 million above estimates. The company also raised full-year 2026 guidance for net sales to $790 million-$805 million and adjusted EBITDA to $154 million-$161 million, signaling stronger momentum ahead. Article Title
• Positive Sentiment: The company announced the acquisition of Copra, a Thai Nam Hom coconut water producer, which should help Vita Coco expand into the fast-growing super-premium coconut water market and support category growth. Article Title
• Positive Sentiment: Analyst sentiment improved after the results, with Evercore raising its price target to $80 from $75 and Piper Sandler lifting its target to $89 from $74, reflecting confidence in continued upside. Article Title
• Neutral Sentiment: The company’s acquisition also comes with added execution complexity, and a newly highlighted manufacturing risk around in-house Copra production may make investors more cautious about integration and operational costs. Article Title

About Vita Coco

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.