The Vita Coco Company, Inc. (NASDAQ:COCO) Given Consensus Rating of “Moderate Buy” by Analysts

The Vita Coco Company, Inc. (NASDAQ:COCO) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $29.67.

Separately, Stephens restated an “overweight” rating and issued a $31.00 price objective on shares of Vita Coco in a report on Thursday, May 23rd.

Insider Buying and Selling at Vita Coco

In related news, Director John Zupo sold 5,017 shares of Vita Coco stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $27.62, for a total value of $138,569.54. Following the completion of the sale, the director now owns 8,247 shares of the company’s stock, valued at $227,782.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vita Coco news, Director John Zupo sold 5,017 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $27.62, for a total value of $138,569.54. Following the transaction, the director now directly owns 8,247 shares in the company, valued at $227,782.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Es Charles Van sold 2,805 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $30.06, for a total value of $84,318.30. Following the sale, the insider now directly owns 97,668 shares of the company’s stock, valued at approximately $2,935,900.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,502 shares of company stock worth $814,205. Insiders own 34.20% of the company’s stock.

Institutional Investors Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headinvest LLC bought a new stake in shares of Vita Coco during the 3rd quarter valued at $29,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Vita Coco in the fourth quarter valued at about $60,000. New York State Teachers Retirement System bought a new position in shares of Vita Coco in the first quarter worth about $63,000. PNC Financial Services Group Inc. grew its position in shares of Vita Coco by 1,289.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,459 shares of the company’s stock worth $89,000 after purchasing an additional 3,210 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Vita Coco by 32.3% in the 1st quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock worth $92,000 after purchasing an additional 919 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Vita Coco Trading Up 0.5 %

Vita Coco stock opened at $28.01 on Friday. Vita Coco has a 12 month low of $19.41 and a 12 month high of $33.29. The business’s fifty day simple moving average is $27.31 and its two-hundred day simple moving average is $25.06. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.75 and a beta of 0.23.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The company had revenue of $112.00 million for the quarter, compared to the consensus estimate of $111.72 million. Vita Coco had a net margin of 10.93% and a return on equity of 26.27%. Vita Coco’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS. On average, equities research analysts predict that Vita Coco will post 1.04 EPS 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.