Vita Coco (COCO) – Research Analysts’ Recent Ratings Updates

Vita Coco (NASDAQ: COCO) has recently received a number of price target changes and ratings updates:

  • 1/30/2024 – Vita Coco had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $32.00 to $28.00. They now have a “buy” rating on the stock.
  • 1/26/2024 – Vita Coco had its price target lowered by analysts at Piper Sandler from $31.00 to $24.00. They now have an “overweight” rating on the stock.
  • 1/22/2024 – Vita Coco was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 1/22/2024 – Vita Coco was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.

Vita Coco Stock Down 1.7 %

Vita Coco stock traded down $0.33 during mid-day trading on Monday, hitting $19.61. The company’s stock had a trading volume of 624,709 shares, compared to its average volume of 825,068. The stock has a market capitalization of $1.11 billion, a P/E ratio of 30.64 and a beta of 0.02. The Vita Coco Company, Inc. has a twelve month low of $13.40 and a twelve month high of $33.29. The stock’s fifty day moving average price is $24.98 and its two-hundred day moving average price is $26.39.

Insider Activity at Vita Coco

In related news, Director Eric Melloul sold 4,000,000 shares of Vita Coco stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $27.61, for a total value of $110,440,000.00. Following the transaction, the director now owns 10,858,120 shares in the company, valued at approximately $299,792,693.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Eric Melloul sold 4,000,000 shares of Vita Coco stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $27.61, for a total value of $110,440,000.00. Following the transaction, the director now owns 10,858,120 shares in the company, valued at approximately $299,792,693.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Es Charles Van sold 5,537 shares of Vita Coco stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $28.84, for a total transaction of $159,687.08. Following the completion of the transaction, the insider now owns 87,721 shares in the company, valued at approximately $2,529,873.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,083,105 shares of company stock valued at $112,657,253. Insiders own 51.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Headinvest LLC bought a new stake in Vita Coco in the third quarter valued at about $29,000. Legal & General Group Plc increased its stake in Vita Coco by 154.1% in the second quarter. Legal & General Group Plc now owns 3,008 shares of the company’s stock valued at $29,000 after acquiring an additional 1,824 shares during the period. Quantbot Technologies LP bought a new stake in Vita Coco in the first quarter valued at about $33,000. Tower Research Capital LLC TRC boosted its position in Vita Coco by 66.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,404 shares of the company’s stock valued at $38,000 after buying an additional 560 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in Vita Coco in the second quarter valued at about $44,000. Institutional investors own 42.33% of the company’s 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; juice, hydration mix, and milk; sparkling water; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.

Further Reading

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