Zevia PBC (NYSE:ZVIA) Given Consensus Recommendation of “Hold” by Analysts

Zevia PBC (NYSE:ZVIA) has earned an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4.17.

Several analysts recently commented on ZVIA shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price objective on shares of Zevia PBC in a research note on Wednesday, February 21st. Morgan Stanley reduced their price target on shares of Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th.

Insiders Place Their Bets

In other news, Director Padraic L. Spence sold 36,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1.02, for a total transaction of $37,026.00. Following the completion of the transaction, the director now directly owns 1,717,240 shares of the company’s stock, valued at approximately $1,751,584.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Zevia PBC news, CEO Amy Taylor sold 30,703 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $1.02, for a total transaction of $31,317.06. Following the sale, the chief executive officer now directly owns 959,252 shares of the company’s stock, valued at approximately $978,437.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Padraic L. Spence sold 36,300 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1.02, for a total transaction of $37,026.00. Following the completion of the transaction, the director now directly owns 1,717,240 shares of the company’s stock, valued at approximately $1,751,584.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,870 shares of company stock worth $189,756. Insiders own 11.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. acquired a new stake in shares of Zevia PBC during the second quarter worth $27,000. California State Teachers Retirement System purchased a new position in Zevia PBC during the second quarter worth about $36,000. American International Group Inc. purchased a new stake in Zevia PBC in the 2nd quarter valued at about $52,000. Wells Fargo & Company MN increased its stake in shares of Zevia PBC by 341.1% during the 2nd quarter. Wells Fargo & Company MN now owns 12,660 shares of the company’s stock valued at $55,000 after acquiring an additional 9,790 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Zevia PBC by 170.3% during the 4th quarter. Barclays PLC now owns 12,717 shares of the company’s stock worth $52,000 after acquiring an additional 8,012 shares during the period. 53.21% of the stock is currently owned by institutional investors and hedge funds.

Zevia PBC Trading Up 10.5 %

NYSE ZVIA opened at $1.16 on Friday. The business’s 50 day moving average is $1.48 and its two-hundred day moving average is $1.85. The stock has a market capitalization of $83.35 million, a price-to-earnings ratio of -2.76 and a beta of 0.61. Zevia PBC has a 12-month low of $0.98 and a 12-month high of $4.80.

Zevia PBC (NYSE:ZVIA) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The business had revenue of $37.79 million during the quarter, compared to analysts’ expectations of $37.75 million. Zevia PBC had a negative return on equity of 29.55% and a negative net margin of 12.91%. During the same quarter in the previous year, the company posted ($0.10) EPS. Equities analysts forecast that Zevia PBC will post -0.32 earnings per share for the current fiscal year.

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.