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

Key Points

• Vita Coco Company, Inc. has received a consensus rating of "Moderate Buy" from brokerages, with three analysts recommending a hold and five suggesting to buy the stock.
• The average 12-month price target for Vita Coco among analysts is $38.37, with recent ratings upgrades from Wells Fargo and Piper Sandler.
• In its latest earnings report, Vita Coco beat consensus expectations with an EPS of $0.38 and a revenue of $168.76 million, representing a year-over-year revenue growth of 17.1%.

Shares of Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $38.3750.

Several brokerages recently issued reports on COCO. Wells Fargo & Company lifted their price target on shares of Vita Coco from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Morgan Stanley lifted their price target on shares of Vita Coco from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Wall Street Zen lowered shares of Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Finally, Piper Sandler raised shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price target on the stock in a report on Wednesday, August 20th.

Vita Coco Stock Performance

Shares of Vita Coco stock traded up $0.50 on Wednesday, reaching $35.74. 527,196 shares of the stock were exchanged, compared to its average volume of 770,668. The firm's 50 day moving average is $35.90 and its 200-day moving average is $34.52. Vita Coco has a one year low of $24.09 and a one year high of $40.32. The firm has a market cap of $2.03 billion, a PE ratio of 33.40, a P/E/G ratio of 1.89 and a beta of 0.37.

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

Insider Buying and Selling at Vita Coco

In related news, Director Kenneth Sadowsky sold 3,900 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $34.69, for a total value of $135,291.00. Following the completion of the transaction, the director owned 635,566 shares in the company, valued at $22,047,784.54. This trade represents a 0.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ira Liran sold 3,152 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $37.02, for a total transaction of $116,687.04. Following the completion of the transaction, the director owned 635,189 shares of the company's stock, valued at approximately $23,514,696.78. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,952 shares of company stock worth $1,500,913 in the last 90 days. Corporate insiders own 32.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. MAI Capital Management bought a new position in Vita Coco in the 2nd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC increased its position in Vita Coco by 5,376.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock valued at $49,000 after purchasing an additional 1,344 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Vita Coco during the 2nd quarter valued at approximately $50,000. 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 purchasing an additional 367 shares during the period. Finally, Amitell Capital Pte Ltd acquired a new stake in Vita Coco during the 2nd quarter valued at approximately $114,000. Institutional investors 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.