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

Vita Coco (NASDAQ:COCO) had its price target lifted by equities researchers at Evercore from $75.00 to $80.00 in a report issued on Friday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock. Evercore’s price objective suggests a potential upside of 21.27% from the company’s previous close.

Several other brokerages have also weighed in on COCO. Morgan Stanley set a $65.00 price objective on Vita Coco in a report on Thursday, April 30th. Zacks Research cut Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. The Goldman Sachs Group set a $90.00 price objective on shares of Vita Coco and gave the company a “buy” rating in a report on Thursday. 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 research report on Friday. Finally, Wall Street Zen upgraded shares of Vita Coco from a “sell” rating to a “buy” rating in a research note on Saturday, May 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vita Coco currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.29.

Vita Coco Trading Down 4.9%

Shares of NASDAQ COCO opened at $65.97 on Friday. The stock has a fifty day simple moving average of $75.33 and a two-hundred day simple moving average of $62.36. Vita Coco has a 1-year low of $31.79 and a 1-year high of $85.83. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.58 and a beta of 0.77.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Thursday, July 23rd. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.26. The firm had revenue of $216.15 million for the quarter, compared to analyst estimates of $210.64 million. Vita Coco had a return on equity of 31.09% and a net margin of 15.50%.The business’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Analysts forecast that Vita Coco will post 1.88 EPS for the current year.

Insider Buying and Selling

In related news, CEO Martin Roper sold 25,000 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the sale, the chief executive officer directly owned 298,484 shares in the company, valued at approximately $14,924,200. The trade was a 7.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ira Liran sold 96,158 shares of the stock in a transaction dated 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 sale, 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 disclosure for this sale is available in the SEC filing. Insiders sold 571,950 shares of company stock valued at $42,461,695 over the last three months. Insiders own 12.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP lifted its stake in Vita Coco by 80.3% in the 1st 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 in the last quarter. Wellington Management Group LLP boosted its holdings in Vita Coco by 232.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,992,404 shares of the company’s stock valued at $84,617,000 after purchasing an additional 1,392,678 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Vita Coco during the 4th quarter valued at $73,242,000. Millennium Management LLC grew its position in shares of Vita Coco by 164.7% during the 3rd quarter. Millennium Management LLC now owns 1,225,803 shares of the company’s stock valued at $52,060,000 after purchasing an additional 762,731 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Vita Coco by 135.5% in the third quarter. Ameriprise Financial Inc. now owns 1,282,310 shares of the company’s stock worth $54,460,000 after purchasing an additional 737,823 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

More 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

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.