In a report released today, Michael Lavery from Piper Sandler maintained a Hold rating on Vita Coco Company (COCO – Research Report), with a price target of $33.00. The company’s shares closed yesterday at $35.33.
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Lavery covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, PepsiCo, and Boston Beer. According to TipRanks, Lavery has an average return of 4.8% and a 51.01% success rate on recommended stocks.
In addition to Piper Sandler, Vita Coco Company also received a Hold from Bank of America Securities’s Bryan Spillane in a report issued on February 27. However, on February 28, Evercore ISI maintained a Buy rating on Vita Coco Company (NASDAQ: COCO).
The company has a one-year high of $40.32 and a one-year low of $23.00. Currently, Vita Coco Company has an average volume of 600K.
Based on the recent corporate insider activity of 110 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. Most recently, in December 2024, COREY BAKER, the CFO of COCO sold 2,000.00 shares for a total of $74,560.00.
Read More on COCO:
- Vita Coco expands line of Vita Coco Treats with Orange & Creme
- Vita Coco’s Earnings Call Highlights Growth and Challenges
- Vita Coco Faces Financial Strain Amid Regulatory Compliance Challenges
- Vita Coco Reports Strong 2024 Financial Results
- Vita Coco price target raised to $38 from $34 at Goldman Sachs
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