Vita Coco (NASDAQ:COCO) Price Target Raised to $80.00

Vita Coco (NASDAQ:COCO) had its price target upped by Evercore from $75.00 to $80.00 in a research note published on Friday, Marketbeat reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on COCO. Wells Fargo & Company increased their price objective on shares of Vita Coco from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. The Goldman Sachs Group set a $90.00 target price on shares of Vita Coco and gave the company a “buy” rating in a report on Thursday. Morgan Stanley set a $65.00 price target on shares of Vita Coco in a research report on Thursday, April 30th. Citigroup reiterated a “buy” rating on shares of Vita Coco in a report on Tuesday, May 26th. Finally, Zacks Research lowered Vita Coco from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vita Coco presently has an average rating of “Moderate Buy” and an average target price of $77.29.

Vita Coco Price Performance

Shares of COCO stock opened at $65.97 on Friday. The stock has a market capitalization of $3.79 billion, a PE ratio of 36.45, a PEG ratio of 1.48 and a beta of 0.77. The business’s 50 day simple moving average is $75.33 and its 200 day simple moving average is $62.42. Vita Coco has a one year low of $31.79 and a one year high of $85.83.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.26. The firm had revenue of $216.15 million during the quarter, compared to analyst estimates of $210.64 million. Vita Coco had a net margin of 15.50% and a return on equity of 31.09%. The company’s revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. As a group, research analysts expect that Vita Coco will post 1.88 earnings per share for the current year.

Insider Activity at Vita Coco

In other news, Director Kenneth Sadowsky sold 3,900 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $82.92, for a total value of $323,388.00. Following the completion of the sale, the director directly owned 580,296 shares in the company, valued at $48,118,144.32. This trade represents a 0.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ira Liran sold 74,232 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $80.29, for a total value of $5,960,087.28. Following the completion of the sale, the director directly owned 309,871 shares of the company’s stock, valued at $24,879,542.59. The trade was a 19.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 546,950 shares of company stock valued at $41,211,695. 12.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vita Coco

A number of hedge funds have recently added to or reduced their stakes in COCO. Caitong International Asset Management Co. Ltd increased its holdings in shares of Vita Coco by 2,636.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock valued at $28,000 after acquiring an additional 501 shares in the last quarter. Quarry LP lifted its holdings in shares of Vita Coco by 12,633.3% in the 3rd quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after purchasing an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Vita Coco by 5,376.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $49,000 after purchasing an additional 1,344 shares in the last quarter. GAMMA Investing LLC grew its position in Vita Coco by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock valued at $60,000 after purchasing an additional 227 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in Vita Coco by 265.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company’s stock valued at $70,000 after purchasing an additional 958 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Key Vita Coco News

Here are the key news stories impacting Vita Coco this week:

• Positive Sentiment: Vita Coco delivered a big Q2 beat, with earnings of $0.82 per share versus $0.56 expected and revenue of $216.15 million above estimates. The company also raised full-year 2026 guidance for net sales to $790 million-$805 million and adjusted EBITDA to $154 million-$161 million, signaling stronger momentum ahead. Article Title
• Positive Sentiment: The company announced the acquisition of Copra, a Thai Nam Hom coconut water producer, which should help Vita Coco expand into the fast-growing super-premium coconut water market and support category growth. Article Title
• Positive Sentiment: Analyst sentiment improved after the results, with Evercore raising its price target to $80 from $75 and Piper Sandler lifting its target to $89 from $74, reflecting confidence in continued upside. Article Title
• Neutral Sentiment: The company’s acquisition also comes with added execution complexity, and a newly highlighted manufacturing risk around in-house Copra production may make investors more cautious about integration and operational costs. Article Title

Vita Coco Company Profile

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.