Vita Coco Company (COCO) Gets a Buy from Craig-Hallum

In a report released today, Eric Des Lauriers from Craig-Hallum maintained a Buy rating on Vita Coco Company (COCO – Research Report). The company’s shares closed yesterday at $23.61.

Des Lauriers covers the Consumer Defensive sector, focusing on stocks such as Turning Point Brands, Vita Coco Company, and Mama’s Creations. According to TipRanks, Des Lauriers has an average return of 8.5% and a 41.07% success rate on recommended stocks.

Vita Coco Company has an analyst consensus of Strong Buy, with a price target consensus of $29.20, representing a 23.68% upside. In a report released on April 10, Wells Fargo also maintained a Buy rating on the stock with a $30.00 price target.

Based on Vita Coco Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $138.06 million and a net profit of $15.16 million. In comparison, last year the company earned a revenue of $124.04 million and had a net profit of $7.26 million

Based on the recent corporate insider activity of 51 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.