The Vita Coco Company, Inc. (NASDAQ:COCO) Receives Average Rating of "Moderate Buy" from Analysts

The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.38.

A number of equities analysts recently issued reports on the company. Evercore ISI boosted their price objective on Vita Coco from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company lowered their target price on Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Stephens reiterated an "equal weight" rating and issued a $32.00 target price on shares of Vita Coco in a report on Thursday, March 27th. Finally, The Goldman Sachs Group set a $41.00 target price on Vita Coco and gave the stock a "buy" rating in a report on Wednesday, April 30th.

Insider Transactions at Vita Coco

In other news, Chairman Michael Kirban sold 14,000 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $37.03, for a total value of $518,420.00. Following the completion of the transaction, the chairman now directly owns 1,629,049 shares of the company's stock, valued at approximately $60,323,684.47. The trade was a 0.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jonathan Burth sold 10,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $32.69, for a total value of $326,900.00. Following the completion of the transaction, the chief operating officer now directly owns 94,108 shares of the company's stock, valued at approximately $3,076,390.52. The trade was a 9.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,864,762 shares of company stock valued at $132,479,079. Corporate insiders own 32.30% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in COCO. Summit Investment Advisors Inc. increased its position in Vita Coco by 9.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock valued at $152,000 after buying an additional 347 shares in the last quarter. US Bancorp DE increased its position in Vita Coco by 7.5% during the 1st quarter. US Bancorp DE now owns 5,247 shares of the company's stock valued at $161,000 after buying an additional 364 shares in the last quarter. CWM LLC increased its position in Vita Coco by 14.7% during the 1st quarter. CWM LLC now owns 2,868 shares of the company's stock valued at $88,000 after buying an additional 367 shares in the last quarter. Principal Financial Group Inc. increased its position in Vita Coco by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 43,809 shares of the company's stock valued at $1,343,000 after buying an additional 521 shares in the last quarter. Finally, Credit Agricole S A increased its position in Vita Coco by 1.5% during the 1st quarter. Credit Agricole S A now owns 36,140 shares of the company's stock valued at $1,108,000 after buying an additional 521 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Vita Coco Stock Down 0.2%

COCO traded down $0.08 during trading hours on Monday, reaching $36.20. 466,743 shares of the company's stock traded hands, compared to its average volume of 627,979. The firm has a 50-day moving average price of $32.49 and a 200 day moving average price of $34.79. Vita Coco has a 52-week low of $23.56 and a 52-week high of $40.32. The firm has a market capitalization of $2.05 billion, a PE ratio of 36.57, a PEG ratio of 2.25 and a beta of 0.38.

Vita Coco (NASDAQ:COCO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The company had revenue of $130.92 million during the quarter, compared to analysts' expectations of $125.64 million. During the same quarter in the previous year, the business earned $0.24 EPS. Vita Coco's revenue was up 17.2% compared to the same quarter last year. Equities analysts predict that Vita Coco will post 1.07 EPS for the current fiscal 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.