Zevia PBC (NYSE:ZVIA) Receives Consensus Rating of “Hold” from Analysts

Zevia PBC (NYSE:ZVIA) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $4.4250.

Several equities analysts recently weighed in on ZVIA shares. Telsey Advisory Group cut their price objective on shares of Zevia PBC from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Zevia PBC in a report on Monday, April 20th.

Insider Activity at Zevia PBC

In related news, major shareholder De Depot Et Placement D. Caisse sold 2,150,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1.90, for a total value of $4,085,000.00. Following the transaction, the insider directly owned 11,400,428 shares in the company, valued at $21,660,813.20. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Girish Satya sold 41,662 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were 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 in the company, valued at $386,932.62. This represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 7.70% of the company’s stock.

Hedge Funds Weigh In On Zevia PBC

Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in Zevia PBC in the fourth quarter valued at approximately $26,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Zevia PBC in the fourth quarter valued at approximately $27,000. Engineers Gate Manager LP bought a new stake in Zevia PBC in the fourth quarter valued at approximately $28,000. SG Americas Securities LLC bought a new stake in Zevia PBC in the fourth quarter valued at approximately $31,000. Finally, R Squared Ltd bought a new stake in Zevia PBC in the third quarter valued at approximately $36,000. 53.21% of the stock is currently owned by institutional investors and hedge funds.

Zevia PBC Trading Up 0.3%

Shares of ZVIA stock opened at $1.54 on Tuesday. Zevia PBC has a 1 year low of $1.11 and a 1 year high of $3.66. The firm’s 50 day moving average is $1.37 and its 200-day moving average is $1.65. The firm has a market capitalization of $118.16 million, a price-to-earnings ratio of -15.35 and a beta of 1.01.

Zevia PBC (NYSE:ZVIA) last announced its earnings results on Wednesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). Zevia PBC had a negative net margin of 4.11% and a negative return on equity of 13.43%. The company had revenue of $46.09 million for the quarter, compared to analyst estimates of $40.97 million. On average, equities research analysts forecast that Zevia PBC will post -0.1 earnings per share for the current fiscal year.

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.