Vita Coco (NASDAQ:COCO) Price Target Raised to $89.00

Vita Coco (NASDAQ:COCO) had its price objective raised by Piper Sandler from $74.00 to $89.00 in a research report report published on Friday, MarketBeat.com reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company increased their target price 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. Wall Street Zen upgraded shares of Vita Coco from a “sell” rating to a “buy” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group set a $90.00 price objective on shares of Vita Coco and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings raised shares of Vita Coco from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Finally, Citigroup restated a “buy” rating on shares of Vita Coco in a research report on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.29.

Vita Coco Price Performance

Shares of COCO stock opened at $65.97 on Friday. The stock’s fifty day simple moving average is $75.33 and its 200 day simple moving average is $62.42. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 36.45, a P/E/G ratio of 1.48 and a beta of 0.77. Vita Coco has a one year low of $31.79 and a one year high of $85.83.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.26. Vita Coco had a return on equity of 31.09% and a net margin of 15.50%.The firm had revenue of $216.15 million for the quarter, compared to analysts’ expectations of $210.64 million. During the same period in the prior year, the business posted $0.38 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. On average, research analysts anticipate that Vita Coco will post 1.88 earnings per share for the current year.

Insider Buying and Selling at Vita Coco

In other news, Director Ira Liran sold 96,158 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 476,421 shares in the company, valued at $37,703,957.94. This trade represents a 16.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael Kirban sold 50,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $68.00, for a total value of $3,400,000.00. Following the transaction, the chairman owned 515,681 shares in the company, valued at approximately $35,066,308. This trade represents a 8.84% decrease in their position. 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 90 days, insiders have sold 546,950 shares of company stock valued at $41,211,695. 12.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vita Coco

A number of hedge funds and other institutional investors have recently made changes to their positions in COCO. Caitong International Asset Management Co. Ltd lifted its holdings in 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 worth $28,000 after acquiring an additional 501 shares in the last quarter. Quarry LP boosted 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 acquiring an additional 758 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Vita Coco by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock worth $60,000 after purchasing an additional 227 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings 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 acquiring an additional 958 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Vita Coco by 5,376.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after purchasing an additional 1,344 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Key Stories Impacting Vita Coco

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

About Vita Coco

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.