Lorna R. Simms Sells 3,979 Shares of Zevia PBC (NYSE:ZVIA) Stock

Zevia PBC (NYSE:ZVIA) SVP Lorna R. Simms sold 3,979 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $4.68, for a total transaction of $18,621.72. Following the completion of the sale, the senior vice president now directly owns 229,014 shares in the company, valued at $1,071,785.52. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Zevia PBC Trading Down 5.0 %

Shares of NYSE ZVIA opened at $4.24 on Friday. The stock has a 50 day moving average of $3.43 and a 200-day moving average of $1.88. Zevia PBC has a 12 month low of $0.62 and a 12 month high of $4.99.

Zevia PBC (NYSE:ZVIA) last issued 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. The company had revenue of $36.37 million during the quarter, compared to analysts’ expectations of $38.53 million. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. During the same quarter in the previous year, the company posted ($0.16) earnings per share. On average, equities analysts anticipate that Zevia PBC will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Zevia PBC

Hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new stake in Zevia PBC during the fourth quarter worth about $129,000. Nwam LLC bought a new stake in shares of Zevia PBC during the 3rd quarter worth approximately $39,000. Renaissance Technologies LLC boosted its position in shares of Zevia PBC by 128.7% during the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock worth $47,000 after acquiring an additional 39,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zevia PBC during the second quarter valued at approximately $26,000. Finally, XTX Topco Ltd acquired a new position in Zevia PBC during the third quarter valued at approximately $50,000. 53.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.