NASDAQ:COCO

Vita Coco (COCO) Stock Forecast, Price & News

$27.04

-0.05 (-0.18%)

(As of 09/20/2023 ET)

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Today's Range: $26.46
▼
$27.63
50-Day Range: $24.49
▼
$31.83
52-Week Range: $7.39
▼
$33.29

Volume: 545,731 shs
Average Volume: 504,880 shs
Market Capitalization: $1.53 billion

P/E Ratio: 53.02
Dividend Yield: N/A
Price Target: $26.89

Vita Coco MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 0.6% Downside
$26.89 Price Target
Short Interest: Bearish
14.09% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.03
Based on 21 Articles This Week
Insider Trading: Selling Shares
$5.62 M Sold Last Quarter
Proj. Earnings Growth: 2.53%
From $0.79 to $0.81 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.50 out of 5 stars

Consumer Staples Sector

108th out of 134 stocks

Beverages Industry

10th out of 13 stocks

1.3

Analyst's Opinion

Consensus Rating
Vita Coco has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.89, Vita Coco has a forecasted downside of 0.6% from its current price of $27.04.
Amount of Analyst Coverage
Vita Coco has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
14.09% of the float of Vita Coco has been sold short.
Short Interest Ratio / Days to Cover
Vita Coco has a short interest ratio ("days to cover") of 7.1.
Change versus previous month
Short interest in Vita Coco has recently decreased by 0.23%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Vita Coco does not currently pay a dividend.
Dividend Growth
Vita Coco does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for COCO.

1.7

News and Social Media Coverage

News Sentiment
Vita Coco has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Vita Coco this week, compared to 4 articles on an average week.
Search Interest
Only 12 people have searched for COCO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Vita Coco to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Vita Coco insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,619,528.00 in company stock.
Percentage Held by Insiders
51.10% of the stock of Vita Coco is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
42.33% of the stock of Vita Coco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Vita Coco are expected to grow by 2.53% in the coming year, from $0.79 to $0.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Vita Coco is 53.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of Vita Coco is 53.02, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.49.
Price to Book Value per Share Ratio
Vita Coco has a P/B Ratio of 10.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Vita Coco (NASDAQ:COCO) Stock

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, and the Asia Pacific. The company offers coconut oil and coconut milk; Hydration Drink Mix, a powdered form of flavored coconut water; sparkling water; Runa, a plant-based energy drink; purified water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink. It distributes its products through club, food, drug, mass, convenience, e-commerce, and foodservice channels. In addition, the company supplies coconut water and coconut oil categories to retailers. The company was formerly known as All Market Inc. and changed its name to The Vita Coco Company, Inc. in September 2021.The Vita Coco Company, Inc. was founded in 2004 and is headquartered in New York, New York.

COCO Price History

30 days | 90 days | 365 days | Advanced Chart

COCO Stock News Headlines

September 20, 2023 | americanbankingnews.com

Vita Coco (NASDAQ:COCO) Receives New Coverage from Analysts at Morgan Stanley

September 19, 2023 | markets.businessinsider.com

What 5 Analyst Ratings Have To Say About Vita Coco

September 21, 2023 | Stansberry Research (Ad)

1907, 1929, 1998, 2007--and now 2023?

Analyst who called Lehman Bros. collapse says exact same scenario that occurred in 4 of America’s biggest economic calamities is unfolding again now. More here.

September 19, 2023 | markets.businessinsider.com

Vita Coco Company (COCO) Gets a Hold from Morgan Stanley

September 19, 2023 | msn.com

Vita Coco initiated at Equal-weight at Morgan Stanley; Shares rise