Vita Coco Company, Inc. (NASDAQ:COCO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Vita Coco Company, Inc. has received a consensus recommendation of "Moderate Buy" from eight brokerages, with an average twelve-month price target of $38.38.
• Recent insider trades include Director Ira Liran selling 3,152 shares valued at approximately $116,687, which represents a decrease in ownership of 0.49%.
• The company reported earnings of $0.38 EPS for the last quarter, topping analysts' estimates, alongside revenue of $168.76 million, a 17.1% year-over-year increase.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $38.3750.

A number of equities research analysts have commented on the stock. Wall Street Zen lowered shares of Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Wells Fargo & Company increased their price objective on shares of Vita Coco from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Piper Sandler raised shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price objective on the stock in a report on Wednesday, August 20th. Finally, Morgan Stanley increased their price objective on shares of Vita Coco from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st.

Vita Coco Trading Up 1.4%

COCO stock traded up $0.50 during trading on Wednesday, hitting $35.74. 527,196 shares of the stock traded hands, compared to its average volume of 770,668. Vita Coco has a one year low of $24.09 and a one year high of $40.32. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 1.89 and a beta of 0.37. The company has a 50 day simple moving average of $35.90 and a 200 day simple moving average of $34.52.

Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Vita Coco had a net margin of 11.50% and a return on equity of 24.99%. The firm had revenue of $168.76 million during the quarter, compared to the consensus estimate of $162.20 million. During the same period last year, the firm posted $0.32 EPS. The firm's quarterly revenue was up 17.1% on a year-over-year basis. Vita Coco has set its FY 2025 guidance at EPS. As a group, analysts predict that Vita Coco will post 1.07 earnings per share for the current fiscal year.

Insider Activity at Vita Coco

In other Vita Coco news, CMO Jane Prior sold 10,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $37.07, for a total transaction of $370,700.00. Following the sale, the chief marketing officer owned 134,188 shares of the company's stock, valued at $4,974,349.16. This represents a 6.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ira Liran sold 3,152 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $37.02, for a total value of $116,687.04. Following the sale, the director directly owned 635,189 shares of the company's stock, valued at $23,514,696.78. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,952 shares of company stock worth $1,500,913 in the last quarter. Insiders own 32.30% of the company's stock.

Hedge Funds Weigh In On Vita Coco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TT International Asset Management LTD bought a new position in Vita Coco during the first quarter worth about $3,035,000. BNP Paribas Financial Markets bought a new stake in shares of Vita Coco in the fourth quarter worth about $1,806,000. GAMMA Investing LLC increased its holdings in shares of Vita Coco by 3,258.2% in the first quarter. GAMMA Investing LLC now owns 26,328 shares of the company's stock worth $859,000 after acquiring an additional 25,544 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Vita Coco in the fourth quarter valued at about $458,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Vita Coco by 53.8% in the first quarter. Russell Investments Group Ltd. now owns 197,586 shares of the company's stock valued at $6,056,000 after purchasing an additional 69,100 shares in the last quarter. 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.