Zevia PBC (NYSE:ZVIA) Stock Price Up 6.4%

Zevia PBC (NYSE:ZVIA) shares rose 6.4% during mid-day trading on Thursday . The company traded as high as $0.84 and last traded at $0.83. Approximately 100,136 shares traded hands during trading, a decline of 56% from the average daily volume of 226,516 shares. The stock had previously closed at $0.78.

Analyst Ratings Changes

ZVIA has been the subject of a number of research reports. The Goldman Sachs Group cut their target price on shares of Zevia PBC from $3.00 to $1.25 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Wells Fargo & Company lowered their price target on shares of Zevia PBC from $1.25 to $1.00 and set an “equal weight” rating for the company in a report on Thursday, May 9th. Finally, Telsey Advisory Group lowered their price target on shares of Zevia PBC from $3.00 to $2.00 and set a “market perform” rating for the company in a report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.25.

Zevia PBC Stock Up 4.3 %

The business’s fifty day moving average is $0.82 and its 200-day moving average is $1.14. The stock has a market capitalization of $62.29 million, a PE ratio of -1.79 and a beta of 0.62.

Zevia PBC (NYSE:ZVIA) last released its earnings results on Wednesday, May 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). Zevia PBC had a negative net margin of 15.58% and a negative return on equity of 37.98%. The firm had revenue of $38.80 million during the quarter, compared to the consensus estimate of $39.82 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. As a group, sell-side analysts anticipate that Zevia PBC will post -0.37 EPS for the current fiscal year.

Insider Activity at Zevia PBC

In other Zevia PBC news, CEO Amy Taylor acquired 55,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was bought at an average cost of $0.89 per share, for a total transaction of $48,950.00. Following the completion of the purchase, the chief executive officer now directly owns 1,014,252 shares in the company, valued at $902,684.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zevia PBC stock. Sapient Capital LLC bought a new position in shares of Zevia PBC (NYSE:ZVIA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,300 shares of the company’s stock, valued at approximately $41,000. 53.21% of the stock is currently owned by hedge funds and other institutional investors.

Zevia PBC Company Profile

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.