The Goldman Sachs Group Forecasts Strong Price Appreciation for Vita Coco (NASDAQ:COCO) Stock

Vita Coco (NASDAQ:COCO) had its target price upped by analysts at The Goldman Sachs Group from $34.00 to $38.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 17.14% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Stephens downgraded Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 target price for the company. in a research note on Monday, January 27th. Wells Fargo & Company increased their price objective on Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Craig Hallum boosted their target price on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Bank of America increased their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Vita Coco presently has an average rating of “Moderate Buy” and an average price target of $35.14.

Vita Coco Stock Up 0.7 %

NASDAQ COCO opened at $32.44 on Thursday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 32.77, a P/E/G ratio of 2.25 and a beta of 0.30. Vita Coco has a 52-week low of $23.00 and a 52-week high of $40.32. The firm has a 50-day moving average price of $36.68 and a 200 day moving average price of $32.66.

Insider Transactions at Vita Coco

In other Vita Coco news, CFO Corey Baker sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $37.28, for a total transaction of $74,560.00. Following the completion of the transaction, the chief financial officer now owns 44,346 shares of the company’s stock, valued at approximately $1,653,218.88. This trade represents a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ira Liran sold 1,723 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.02, for a total value of $68,954.46. Following the completion of the transaction, the director now directly owns 812,579 shares of the company’s stock, valued at approximately $32,519,411.58. This trade represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 116,270 shares of company stock valued at $4,309,019 in the last 90 days. 34.20% of the stock is currently owned by insiders.

Institutional Trading of Vita Coco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Coppell Advisory Solutions LLC boosted its position in Vita Coco by 91.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock worth $47,000 after acquiring an additional 613 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Vita Coco in the 4th quarter worth approximately $52,000. Venturi Wealth Management LLC purchased a new stake in Vita Coco in the 4th quarter worth approximately $66,000. Finally, Quest Partners LLC raised its holdings in Vita Coco by 16,538.1% in the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after acquiring an additional 3,473 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

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.