Analysts Set The Vita Coco Company, Inc. (NASDAQ:COCO) PT at $31.00

The Vita Coco Company, Inc. (NASDAQ:COCO) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $31.00.

Separately, Craig Hallum increased their target price on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Vita Coco Stock Down 0.2 %

Shares of NASDAQ:COCO opened at $35.54 on Monday. Vita Coco has a 52-week low of $19.41 and a 52-week high of $37.05. The stock has a market cap of $2.02 billion, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.22. The business’s 50 day moving average is $31.61 and its 200 day moving average is $28.54.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.06. The company had revenue of $133.00 million for the quarter, compared to analysts’ expectations of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. Vita Coco’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, sell-side analysts anticipate that Vita Coco will post 1.07 EPS for the current fiscal year.

Insider Transactions at Vita Coco

In related news, Director Ira Liran sold 27,176 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $36.04, for a total value of $979,423.04. Following the completion of the transaction, the director now owns 883,729 shares in the company, valued at $31,849,593.16. This trade represents a 2.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $35.85, for a total value of $179,250.00. Following the completion of the transaction, the chief executive officer now owns 452,452 shares of the company’s stock, valued at $16,220,404.20. This trade represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,313 shares of company stock valued at $1,992,268 in the last quarter. 34.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vita Coco

Institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. raised its stake in shares of Vita Coco by 143.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company’s stock valued at $9,668,000 after buying an additional 200,940 shares during the last quarter. Raymond James & Associates purchased a new position in shares of Vita Coco during the 3rd quarter valued at about $3,990,000. American Century Companies Inc. raised its stake in shares of Vita Coco by 42.2% during the 2nd quarter. American Century Companies Inc. now owns 80,129 shares of the company’s stock valued at $2,232,000 after buying an additional 23,761 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Vita Coco by 106.4% during the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after buying an additional 461,748 shares during the last quarter. Finally, Pier Capital LLC raised its stake in shares of Vita Coco by 37.7% during the 2nd quarter. Pier Capital LLC now owns 292,073 shares of the company’s stock valued at $8,134,000 after buying an additional 79,957 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

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.