Zevia PBC (NYSE:ZVIA) SVP Sells $18,621.72 in Stock

Zevia PBC (NYSE:ZVIA) SVP Lorna R. Simms sold 3,979 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $4.68, for a total transaction of $18,621.72. Following the completion of the transaction, the senior vice president now owns 229,014 shares of the company’s stock, valued at $1,071,785.52. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Zevia PBC Trading Down 5.0 %

Shares of NYSE:ZVIA traded down $0.23 during mid-day trading on Thursday, reaching $4.24. The stock had a trading volume of 514,842 shares, compared to its average volume of 1,158,149. The firm has a market cap of $309.20 million, a PE ratio of -11.14 and a beta of 0.66. The firm has a 50 day simple moving average of $3.38 and a two-hundred day simple moving average of $1.86. Zevia PBC has a twelve month low of $0.62 and a twelve month high of $4.99.

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. The company had revenue of $36.37 million for the quarter, compared to analysts’ expectations of $38.53 million. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. During the same period last year, the firm posted ($0.16) earnings per share. On average, equities analysts anticipate that Zevia PBC will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Zevia PBC

A number of hedge funds have recently modified their holdings of ZVIA. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zevia PBC in the 2nd quarter valued at approximately $26,000. Nwam LLC acquired a new position in shares of Zevia PBC in the third quarter valued at approximately $39,000. Renaissance Technologies LLC boosted its holdings in shares of Zevia PBC by 128.7% in the second quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock valued at $47,000 after buying an additional 39,000 shares during the period. XTX Topco Ltd bought a new position in Zevia PBC during the 3rd quarter worth about $50,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Zevia PBC in the 3rd quarter valued at approximately $108,000. Institutional investors and hedge funds own 53.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ZVIA. The Goldman Sachs Group raised their price target on Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $4.00 target price on shares of Zevia PBC in a report on Tuesday, January 14th.

About Zevia PBC

Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated beverages in the United States and Canada. It offers soda, energy drinks, organic tea, and kidz drinks. The company offers its products through a network of food, drug, warehouse club, mass, natural, convenience, and e-commerce channels, as well as grocery distributors and natural product stores and specialty outlets.