Vita Coco (NASDAQ:COCO) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Vita Coco (NASDAQ:COCO) from a buy rating to a hold rating in a research note published on Saturday morning.

Other equities analysts have also recently issued research reports about the company. Citigroup reissued a “buy” rating on shares of Vita Coco in a report on Tuesday, May 26th. Evercore boosted their target price on Vita Coco from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday. Piper Sandler increased their target price on shares of Vita Coco from $74.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday. Zacks Research downgraded shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Weiss Ratings upgraded shares of Vita Coco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.29.

Vita Coco Stock Down 4.9%

COCO stock opened at $65.97 on Friday. The company’s 50-day moving average price is $75.33 and its two-hundred day moving average price is $62.36. The firm has a market cap of $3.77 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.58 and a beta of 0.77. Vita Coco has a 12 month low of $31.79 and a 12 month high of $85.83.

Vita Coco (NASDAQ:COCO) last posted 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. Vita Coco had a net margin of 15.50% and a return on equity of 31.09%. The business had revenue of $216.15 million for the quarter, compared to analyst estimates of $210.64 million. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. Equities analysts predict that Vita Coco will post 1.88 EPS for the current year.

Insider Transactions at Vita Coco

In other news, Director Ira Liran sold 96,158 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $79.14, for a total value of $7,609,944.12. Following the completion of the transaction, the director owned 476,421 shares of the company’s stock, valued at $37,703,957.94. This represents a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Michael Kirban sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $68.00, for a total transaction of $3,400,000.00. Following the completion of the transaction, the chairman owned 515,681 shares of the company’s stock, valued at approximately $35,066,308. This trade represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 571,950 shares of company stock valued at $42,461,695 over the last three months. Company insiders own 12.90% of the company’s stock.

Hedge Funds Weigh In On Vita Coco

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its stake in shares of Vita Coco by 2,636.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock worth $28,000 after purchasing an additional 501 shares during the last quarter. Quarry LP raised its position in Vita Coco by 12,633.3% during the 3rd quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after purchasing an additional 758 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Vita Coco by 5,376.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $49,000 after buying an additional 1,344 shares during the period. GAMMA Investing LLC lifted its holdings in Vita Coco by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock worth $60,000 after buying an additional 227 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of 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 buying an additional 958 shares during the last quarter. Institutional investors 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.