Zevia PBC (NYSE:ZVIA) Major Shareholder White Pine Llc Sells 26,510 Shares

Zevia PBC (NYSE:ZVIA) major shareholder White Pine Llc sold 26,510 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $1.18, for a total transaction of $31,281.80. Following the sale, the insider now owns 1,577,628 shares of the company’s stock, valued at approximately $1,861,601.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Zevia PBC Stock Down 4.6 %

NYSE ZVIA opened at $1.03 on Wednesday. Zevia PBC has a 12-month low of $0.62 and a 12-month high of $2.42. The firm has a market cap of $74.89 million, a P/E ratio of -2.15 and a beta of 0.66. The company’s 50 day moving average is $1.01 and its 200-day moving average is $0.95.

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The firm had revenue of $40.43 million for the quarter, compared to analysts’ expectations of $39.59 million. Zevia PBC had a negative return on equity of 44.31% and a negative net margin of 16.98%. During the same period in the prior year, the business posted ($0.08) earnings per share. Equities analysts expect that Zevia PBC will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Zevia PBC

A hedge fund recently raised its stake in Zevia PBC stock. Renaissance Technologies LLC raised its holdings in Zevia PBC (NYSE:ZVIA) by 128.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,300 shares of the company’s stock after acquiring an additional 39,000 shares during the period. Renaissance Technologies LLC owned approximately 0.10% of Zevia PBC worth $47,000 at the end of the most recent reporting period. 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.