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

The Vita Coco Company, Inc. (NASDAQ:COCO) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $34.57.

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

Insider Buying and Selling

In other news, COO Jonathan Burth sold 4,052 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $37.60, for a total transaction of $152,355.20. Following the completion of the transaction, the chief operating officer now directly owns 104,108 shares in the company, valued at approximately $3,914,460.80. This represents a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ira Liran sold 20,235 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $40.07, for a total transaction of $810,816.45. Following the completion of the sale, the director now owns 814,302 shares in the company, valued at approximately $32,629,081.14. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,410 shares of company stock worth $3,017,811. Insiders own 34.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Vita Coco by 173.2% during the fourth quarter. Wellington Management Group LLP now owns 252,941 shares of the company’s stock worth $9,336,000 after purchasing an additional 160,353 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Vita Coco by 1.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,555 shares of the company’s stock worth $6,111,000 after buying an additional 2,587 shares during the period. Woodson Capital Management LP lifted its holdings in Vita Coco by 4.5% during the 4th quarter. Woodson Capital Management LP now owns 709,615 shares of the company’s stock worth $26,192,000 after buying an additional 30,553 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in Vita Coco in the 4th quarter valued at approximately $323,000. Finally, Millennium Management LLC boosted its position in Vita Coco by 24.9% in the 4th quarter. Millennium Management LLC now owns 25,515 shares of the company’s stock valued at $942,000 after buying an additional 5,087 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Vita Coco Trading Up 3.5 %

Shares of Vita Coco stock opened at $27.94 on Friday. Vita Coco has a twelve month low of $23.00 and a twelve month high of $40.32. The firm has a market capitalization of $1.59 billion, a PE ratio of 28.22, a P/E/G ratio of 2.25 and a beta of 0.38. The firm’s 50-day moving average price is $35.34 and its 200 day moving average price is $34.02.

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.