<div id="readability-page-1"><p>Shares of Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $56.46 and last traded at $55.65, with a volume of 581897 shares. The stock had previously closed at $54.97.</p><h2>Analysts Set New Price Targets</h2><ul><li>Sipping On Success: Vita Coco Stock Setting Up For A Fresh Rally?</li></ul><p>Several brokerages recently weighed in on COCO. Bank of America upgraded Vita Coco from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and boosted their target price for the stock from $48.00 to $54.00 in a research note on Monday, November 17th. Morgan Stanley raised their price target on Vita Coco from $45.00 to $49.00 and gave the stock an &#34;equal weight&#34; rating in a report on Monday, November 17th. Piper Sandler boosted their price target on Vita Coco from $47.00 to $59.00 and gave the stock an &#34;overweight&#34; rating in a research note on Tuesday, November 25th. Evercore ISI increased their price objective on shares of Vita Coco from $50.00 to $55.00 and gave the company an &#34;outperform&#34; rating in a research report on Monday, November 17th. Finally, Needham &amp; Company LLC began coverage on shares of Vita Coco in a research note on Wednesday, September 24th. They issued a &#34;hold&#34; rating for the company. One research analyst  has rated the stock with a Strong Buy rating, seven have assigned  a Buy rating and three have issued  a Hold rating to the company. Based on data from MarketBeat, the company  has an average rating of &#34;Moderate Buy&#34; and an average price target of $53.50.</p><p><b>Get Our Latest Stock Report on COCO</b></p><h2>Vita Coco Stock Up 1.2%</h2><ul><li>Investors Are Energized, Not Scared Off, By Monster's Fast Growth</li></ul><p>The stock has a market capitalization of $3.17 billion, a PE ratio of 48.39, a PEG ratio of 1.56 and a beta of 0.38. The firm has a 50 day moving average price of $50.85 and a 200-day moving average price of $42.65. </p><p>Vita Coco (NASDAQ:COCO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The company had revenue of $182.31 million for the quarter, compared to the consensus estimate of $154.96 million. During the same quarter in the prior year, the company earned $0.32 EPS. Vita Coco's quarterly revenue was up 37.2% on a year-over-year basis.  Equities analysts expect that  Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year. </p><h2>Insider Activity</h2><p>In other Vita Coco news, insider Es Charles Van sold 20,000 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $50.00, for a total transaction of $1,000,000.00. Following the sale, the insider directly owned 84,328 shares of the company's stock, valued at approximately $4,216,400. This trade represents a 19.17% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through this link. Also, Chairman Michael Kirban sold 30,000 shares of the business's stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $45.70, for a total value of $1,371,000.00. Following the completion of the transaction, the chairman directly owned 1,499,049 shares of the company's stock, valued at approximately $68,506,539.30. This trade represents a 1.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 349,153 shares of company stock valued at $16,297,267 over the last quarter. Insiders own  34.20% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors have recently bought and sold shares of COCO. GAMMA Investing LLC grew its holdings in  Vita Coco by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company's stock valued at $60,000 after buying an additional 227 shares in the last quarter.  Mariner LLC boosted its position in shares of  Vita Coco by 2.8% during the 3rd quarter. Mariner LLC now owns 8,742 shares of the company's stock valued at $371,000 after acquiring an additional 236 shares during the last quarter.  Envestnet Asset Management Inc. grew its holdings in shares of  Vita Coco by 0.9% in the third quarter. Envestnet Asset Management Inc. now owns 33,541 shares of the company's stock valued at $1,424,000 after purchasing an additional 298 shares during the period.  Schroder Investment Management Group grew its holdings in shares of  Vita Coco by 3.2% in the second quarter. Schroder Investment Management Group now owns 12,041 shares of the company's stock valued at $435,000 after purchasing an additional 376 shares during the period.  Finally, Cim LLC increased its position in  Vita Coco by 3.8% during the second quarter. Cim LLC now owns 13,904 shares of the company's stock worth $502,000 after purchasing an additional 514 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>About Vita Coco</h2> (Get Free Report)<p>Vita Coco, Inc <span>NASDAQ: COCO<span></span></span> 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.  </p><p>The company's flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.</p><h2>See Also</h2><ul><li>Five stocks we like better than Vita Coco</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>Ticker Revealed: Pre-IPO Access to &#34;Next Elon Musk&#34; Company</li><li>This stock gets a 94 out of 100</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Vita Coco Right Now?</h2><p>Before you consider Vita Coco, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vita Coco wasn't on the list.</p><p>While Vita Coco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

COCO

<p>Vita Coco (NASDAQ:COCO) reached a new 52-week high of $56.46 during trading, closing at $55.65. Analysts have upgraded their price targets, with Bank of America raising it to $54.00 and Piper Sandler to $59.00. The company reported $0.40 EPS, exceeding estimates, with a revenue increase of 37.2% year-over-year. Insider sales included 20,000 shares sold by Charles Van and 30,000 shares by Chairman Michael Kirban. Institutional investors have also increased their holdings in the company, which has a market cap of $3.17 billion and a PE ratio of 48.39.</p>

Vita Coco (NASDAQ:COCO) Reaches New 1-Year High - What's Next?