The Vita Coco Company, Inc. develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, and the Asia Pacific.
Vita Coco Company stock last closed at $26.06, up 0.35% from the previous day, and has increased 115.91% in one year. It has overperformed other stocks in the Beverages - Non-Alcoholic industry by 0.95 percentage points. Vita Coco Company stock is currently +252.64% from its 52-week low of $7.39, and -2.83% from its 52-week high of $26.82.
As of May 26, 2023, there are 56.25M shares of COCO outstanding. The market capitalization of COCO is $1.47B. In the last 24 hours, 1.01M COCO shares were traded.
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Once you have decided on the best place to buy Vita Coco Company stock, it's critical to analyze their stock prior to buying, so you truly wrap your head around the risk and opportunity.
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You can view all of the due diligence checks on COCO's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge COCO's true value.
Using relative valuations methods:
You can access additional valuation analysis on COCO's stock here.
Out of 5 Wall Street analysts who give forecasts on COCO, the consensus analyst rating on COCO is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Eric Des Lauriers, a bottom 17% analyst from Craig-Hallum maintains COCO with a buy rating and raises their COCO price target from $25.00 to $30.00, on May 4, 2023.
Bonnie Herzog, a top 14% analyst from Goldman Sachs maintains COCO with a strong buy rating and raises their COCO price target from $21.00 to $27.00, on May 4, 2023.
Chris Carey, a top 11% analyst from Wells Fargo maintains COCO with a strong buy rating and raises their COCO price target from $24.00 to $26.00, on May 4, 2023.
Kaumil Gajrawala, a bottom 3% analyst from Credit Suisse maintains COCO with a buy rating and raises their COCO price target from $16.00 to $17.00, on Mar 9, 2023.
Michael Lavery, a top 4% analyst from Piper Sandler maintains COCO with a strong buy rating and raises their COCO price target from $13.00 to $17.00, on Dec 15, 2022.
Lavery raised his price target on The Vita Coco Company, Inc. by 30.8%.
He is bullish on Vita Coco's "outsized" sales growth momentum, the analyst reported, "driven by strong demand for its branded coconut water."
Higher ocean freight rates have been pressuring margins, Lavery noted, but those headwinds have dropped off significantly in recent months.
The result is "potentially significant upside to FY 2023 estimates," the analyst advised investors.
You can dig deeper into what analysts are saying on the Vita Coco Company stock forecast page.
Last year, COCO earnings were $12.29M. Over the past 1 years, COCO's earnings have grown by -40.54% per year. This was slower than the Beverages - Non-Alcoholic industry average of 21.39%.
Last year, COCO revenue was $441.10M. During the last one years, COCO's revenue has increased by 10.13% per year. This was faster than the Beverages - Non-Alcoholic industry average of 7.88%.
Find out more about COCO's earnings and revenue performance here.
Over the last 12 months, insiders at COCO have sold more shares than they have bought.
Jonathan Burth, Chief Operating Officer of COCO, was the latest COCO insider to sell. They sold $101,696.00 worth of COCO stock on Dec 14, 2022.
Research more about who owns COCO shares here.
No, Vita Coco Company doesn't provide an income stream by paying out dividends.
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