Jefferies Financial Group Inc. Invests $4.86 Million in Zevia PBC $ZVIA

Jefferies Financial Group Inc. bought a new stake in Zevia PBC (NYSE:ZVIA) in the 4th quarter, Holdings Channel reports. The firm bought 2,096,590 shares of the company’s stock, valued at approximately $4,864,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ZVIA. Divisadero Street Capital Management LP grew its stake in shares of Zevia PBC by 90.6% in the third quarter. Divisadero Street Capital Management LP now owns 6,159,362 shares of the company’s stock valued at $16,753,000 after buying an additional 2,928,382 shares in the last quarter. Ghisallo Capital Management LLC grew its stake in shares of Zevia PBC by 265.1% in the third quarter. Ghisallo Capital Management LLC now owns 1,100,000 shares of the company’s stock valued at $2,992,000 after buying an additional 798,700 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Zevia PBC by 66.5% in the second quarter. Geode Capital Management LLC now owns 933,407 shares of the company’s stock valued at $3,006,000 after buying an additional 372,665 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Zevia PBC in the third quarter valued at $491,000. Finally, Moore Capital Management LP bought a new position in shares of Zevia PBC in the second quarter valued at $483,000. 53.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Zevia PBC news, CFO Girish Satya sold 41,662 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $1.18, for a total transaction of $49,161.16. Following the completion of the transaction, the chief financial officer owned 327,909 shares of the company’s stock, valued at approximately $386,932.62. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.11% of the company’s stock.

Zevia PBC Stock Down 1.1%

ZVIA stock opened at $1.67 on Tuesday. The company has a market cap of $128.63 million, a PE ratio of -16.71 and a beta of 0.95. The business has a 50-day simple moving average of $1.27 and a 200 day simple moving average of $1.80. Zevia PBC has a 52 week low of $1.11 and a 52 week high of $3.66.

Zevia PBC (NYSE:ZVIA) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The business had revenue of $46.09 million during the quarter, compared to the consensus estimate of $40.97 million. Zevia PBC had a negative return on equity of 13.43% and a negative net margin of 4.11%. On average, analysts anticipate that Zevia PBC will post -0.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Telsey Advisory Group decreased their target price on shares of Zevia PBC from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zevia PBC in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.43.

Zevia PBC Company Profile

Zevia PBC, headquartered in Los Angeles, is a Public Benefit Corporation that produces zero-calorie, naturally sweetened beverages. Founded in 2007, the company went public through a merger with a special purpose acquisition company in March 2021. Zevia’s mission centers on offering healthier drink alternatives by using stevia leaf extract and other plant-based ingredients rather than sugar or artificial sweeteners.

The company’s product portfolio spans multiple categories, including carbonated sodas, sparkling water, energy drinks, mixers and flavored teas.