Craig-Hallum analyst Eric Des Lauriers maintained a Buy rating on Vita Coco Company (COCO – Research Report) today. The company’s shares closed yesterday at $22.43.
According to TipRanks, Des Lauriers is a 4-star analyst with an average return of 8.8% and a 41.58% success rate. Des Lauriers covers the Consumer Defensive sector, focusing on stocks such as Mama’s Creations, Turning Point Brands, and Vita Coco Company.
Currently, the analyst consensus on Vita Coco Company is a Strong Buy with an average price target of $28.00.
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COCO market cap is currently $1.22B and has a P/E ratio of 35.07.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COCO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vita Coco Company (COCO) Company Description:
The Vita Coco Co Inc is a plant-based functional hydration platform. Its products include Vita Coco Coconut Water, Private Label including coconut water and oil, and Other including Runa and Ever & Ever product offerings, Vita Coco product extensions beyond coconut water, such as Vita Coco Sparkling, coconut milk products, and others.
Read More on COCO:
- The Vita Coco Company Reports Fourth Quarter and Full Year 2023 Financial Results
- Vita Coco price target lowered to $30 from $33 at Jefferies
- The Vita Coco Company to Report Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024
- BRBR, COCO, OTLY: 3 High-Growth Beverage Stocks Analysts Love
- Vita Coco Offers Free Hangover Recovery Nationwide on Monday after the Big Game
