Brokerages Set The Vita Coco Company, Inc. (NASDAQ:COCO) PT at $29.67

Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four 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 $29.67.

Separately, Stephens reaffirmed an “overweight” rating and set a $31.00 target price on shares of Vita Coco in a research report on Thursday, May 23rd.

Insider Activity

In other news, insider Es Charles Van sold 6,700 shares of Vita Coco stock in a transaction on Monday, June 17th. The stock was sold at an average price of $30.04, for a total value of $201,268.00. Following the transaction, the insider now directly owns 97,668 shares in the company, valued at approximately $2,933,946.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Es Charles Van sold 6,700 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $30.04, for a total transaction of $201,268.00. Following the completion of the transaction, the insider now owns 97,668 shares in the company, valued at approximately $2,933,946.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jonathan Burth sold 2,845 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $30.07, for a total transaction of $85,549.15. Following the completion of the sale, the chief operating officer now owns 134,004 shares of the company’s stock, valued at $4,029,500.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,502 shares of company stock worth $814,205. Corporate insiders own 34.20% of the company’s stock.

Institutional Investors Weigh In On Vita Coco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Headinvest LLC acquired a new position in shares of Vita Coco during the third quarter valued at about $29,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Vita Coco in the fourth quarter worth $60,000. New York State Teachers Retirement System purchased a new position in shares of Vita Coco in the first quarter worth $63,000. PNC Financial Services Group Inc. grew its holdings in shares of Vita Coco by 1,289.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,459 shares of the company’s stock valued at $89,000 after buying an additional 3,210 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of Vita Coco by 32.3% in the 1st quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock valued at $92,000 after acquiring an additional 919 shares during the period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Vita Coco Stock Down 0.6 %

Shares of Vita Coco stock opened at $27.85 on Friday. The stock’s fifty day moving average is $27.46 and its two-hundred day moving average is $25.10. Vita Coco has a 52 week low of $19.41 and a 52 week high of $33.29. The company has a market capitalization of $1.58 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.76 and a beta of 0.23.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Vita Coco had a net margin of 10.93% and a return on equity of 26.27%. The firm had revenue of $112.00 million for the quarter, compared to analysts’ expectations of $111.72 million. During the same period in the prior year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that Vita Coco will post 1.04 earnings per share for the current year.

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.