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

The Vita Coco Company, Inc. (NASDAQ:COCO) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $34.83.

COCO has been the topic of a number of analyst reports. Craig Hallum increased their price target on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Stephens cut Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target on the stock. in a research report on Monday, January 27th. Bank of America increased their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company boosted their target price on shares of Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th.

Vita Coco Stock Up 0.6 %

Shares of Vita Coco stock opened at $37.54 on Friday. The company has a 50-day simple moving average of $36.10 and a two-hundred day simple moving average of $31.33. Vita Coco has a twelve month low of $19.85 and a twelve month high of $38.91. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 37.92, a price-to-earnings-growth ratio of 2.25 and a beta of 0.30.

Insider Buying and Selling

In other news, COO Jonathan Burth sold 912 shares of Vita Coco stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $37.53, for a total transaction of $34,227.36. Following the sale, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at approximately $3,907,173.24. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ira Liran sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $35.58, for a total value of $1,067,400.00. Following the completion of the transaction, the director now directly owns 853,729 shares of the company’s stock, valued at $30,375,677.82. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,100 shares of company stock worth $4,237,123 in the last 90 days. Insiders own 34.20% of the company’s stock.

Hedge Funds Weigh In On Vita Coco

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 360 shares during the period. Moran Wealth Management LLC increased its stake in shares of Vita Coco by 4.8% in the fourth quarter. Moran Wealth Management LLC now owns 19,075 shares of the company’s stock valued at $704,000 after buying an additional 871 shares during the period. West Coast Financial LLC raised its position in shares of Vita Coco by 1.2% during the fourth quarter. West Coast Financial LLC now owns 91,841 shares of the company’s stock worth $3,390,000 after acquiring an additional 1,109 shares during the last quarter. US Bancorp DE lifted its stake in shares of Vita Coco by 8.5% in the third quarter. US Bancorp DE now owns 14,968 shares of the company’s stock worth $424,000 after acquiring an additional 1,178 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Vita Coco by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,370 shares of the company’s stock valued at $12,009,000 after acquiring an additional 1,329 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.