Stocks of The Vita Coco Company Inc. (NASDAQ:COCO) traded higher last session on Wall Street, down -2.70% to $13.34.
According to the data, The Vita Coco Company Inc. (NASDAQ:COCO) has 7 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $12.00, we find $15.50. Given the previous closing price of $13.71, this indicates a potential upside of 13.06 percent. COCO stock price is now 4.32% away from the 50-day moving average and 11.13% away from the 200-day moving average. The market capitalization of the company currently stands at $731.70M.
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A total of 0 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $15.00 as their price target over the next twelve months.
With the price target enhanced from $10 to $12, BofA Securities Upgraded its rating from Neutral to Buy for The Vita Coco Company Inc. (NASDAQ: COCO). On March 14, 2022, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $15 to quote $10, while ‘Wells Fargo’ rates the stock as ‘Overweight’.
In other news, Burth Jonathan, Chief Operating Officer sold 8,000 shares of the company’s stock on Dec 14. The stock was sold for $101,695 at an average price of $12.71. Upon completion of the transaction, the Chief Operating Officer now directly owns 186,007 shares in the company, valued at $2.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13, Director Liran Ira bought 10,000 shares of the business’s stock. A total of $121,700 was incurred on buying the stock at an average price of $12.17. This leaves the insider owning 685,252 shares of the company worth $9.14 million. A total of 1.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in COCO stock. A new stake in The Vita Coco Company Inc. shares was purchased by EAM INVESTORS, LLC during the first quarter worth $2,464,000. UBS GROUP AG invested $2,072,000 in shares of COCO during the first quarter. In the first quarter, EAM GLOBAL INVESTORS LLC acquired a new stake in The Vita Coco Company Inc. valued at approximately $1,861,000. BAIRD FINANCIAL GROUP, INC. acquired a new stake in COCO for approximately $1,802,000. PARAMETRIC PORTFOLIO ASSOCIATES LLC purchased a new stake in COCO valued at around $619,000 in the second quarter. In total, there are 95 active investors with 55.60% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $13.79 for The Vita Coco Company Inc. (NASDAQ: COCO). During the past 12 months, The Vita Coco Company Inc. has had a low of $7.39 and a high of $16.57. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 2.90, and a quick ratio of 1.80. The fifty day moving average price for COCO is $12.79 and a two-hundred day moving average price translates $12.00 for the stock.
The latest earnings results from The Vita Coco Company Inc. (NASDAQ: COCO) was released for Jun, 2022. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.02, missing analysts’ expectations of $0.08 by -0.06. This compares to $0.24 EPS in the same period last year. The net profit margin was 1.70% and return on equity was 5.50% for COCO. The company reported revenue of $124.04 million for the quarter, compared to $115.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.24 percent. For the current quarter, analysts expect COCO to generate $129.54M in revenue.
The Vita Coco Company Inc.(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, 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.
