Vita Coco (NASDAQ:COCO) Cut to Hold at Wall Street Zen

Vita Coco (NASDAQ:COCO) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities analysts have also issued research reports about the company. Citigroup reiterated a “buy” rating on shares of Vita Coco in a research note on Tuesday, May 26th. Evercore boosted their price target on Vita Coco from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group set a $90.00 price objective on Vita Coco and gave the company a “buy” rating in a report on Thursday. Zacks Research cut Vita Coco from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Morgan Stanley set a $65.00 target price on Vita Coco in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.29.

Vita Coco Stock Performance

Shares of COCO opened at $65.97 on Friday. Vita Coco has a 52 week low of $31.79 and a 52 week high of $85.83. The firm has a market cap of $3.77 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. The firm’s 50-day simple moving average is $75.33 and its 200 day simple moving average is $62.36.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data 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 the consensus estimate of $210.64 million. Vita Coco had a net margin of 15.50% and a return on equity of 31.09%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. As a group, equities analysts forecast that Vita Coco will post 1.77 earnings per share for the current year.

Insider Buying and Selling

In other Vita Coco news, Director Ira Liran sold 74,232 shares of Vita Coco stock in a transaction on Friday, June 12th. The stock was sold at an average price of $80.29, for a total value of $5,960,087.28. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kenneth Sadowsky sold 3,900 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $82.92, for a total value of $323,388.00. Following the sale, the director owned 580,296 shares of the company’s stock, valued at approximately $48,118,144.32. The trade was a 0.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 571,950 shares of company stock worth $42,461,695. 12.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its position in Vita Coco by 80.3% during the first quarter. Wasatch Advisors LP now owns 3,675,489 shares of the company’s stock worth $176,093,000 after purchasing an additional 1,637,437 shares during the period. Vanguard Group Inc. grew its stake in Vita Coco by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 3,149,584 shares of the company’s stock worth $166,959,000 after buying an additional 237,510 shares in the last quarter. Wellington Management Group LLP increased its holdings in Vita Coco by 22.1% in the 4th quarter. Wellington Management Group LLP now owns 2,432,362 shares of the company’s stock valued at $128,940,000 after buying an additional 439,958 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in Vita Coco in the 4th quarter valued at about $73,242,000. Finally, Ameriprise Financial Inc. raised its position in shares of Vita Coco by 135.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,282,310 shares of the company’s stock valued at $54,460,000 after buying an additional 737,823 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

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

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.