Zevia PBC (NYSE:ZVIA) Director Sells $4,877,311.40 in Stock

Zevia PBC (NYSE:ZVIA) Director Rosemary L. Ripley sold 2,567,006 shares of Zevia PBC stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $1.90, for a total value of $4,877,311.40. Following the completion of the sale, the director now directly owns 2,719,258 shares in the company, valued at approximately $5,166,590.20. This represents a 48.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Zevia PBC Price Performance

NYSE ZVIA traded up $0.29 during trading hours on Monday, hitting $3.14. The company’s stock had a trading volume of 1,086,310 shares, compared to its average volume of 267,663. The company’s 50 day simple moving average is $1.58 and its two-hundred day simple moving average is $1.15. Zevia PBC has a 12 month low of $0.62 and a 12 month high of $3.37. The company has a market cap of $229.25 million, a P/E ratio of -8.34 and a beta of 1.01.

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. The firm had revenue of $36.37 million during the quarter, compared to analysts’ expectations of $38.53 million. During the same period in the prior year, the company posted ($0.16) earnings per share. As a group, research analysts predict that Zevia PBC will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a “market perform” rating and set a $2.00 price objective on shares of Zevia PBC in a research report on Monday, November 4th.

Hedge Funds Weigh In On Zevia PBC

Institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zevia PBC in the second quarter valued at about $26,000. Nwam LLC purchased a new stake in shares of Zevia PBC during the third quarter worth approximately $39,000. Renaissance Technologies LLC raised its stake in Zevia PBC by 128.7% in the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock valued at $47,000 after purchasing an additional 39,000 shares during the last quarter. XTX Topco Ltd purchased a new position in Zevia PBC in the 3rd quarter valued at $50,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Zevia PBC during the 3rd quarter worth $108,000. Hedge funds and other institutional investors own 53.21% of the company’s stock.

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.