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

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

Zevia PBC Trading Down 0.4 %

Shares of Zevia PBC stock opened at $4.21 on Friday. Zevia PBC has a 52 week low of $0.62 and a 52 week high of $4.99. The firm has a fifty day moving average of $3.47 and a two-hundred day moving average of $1.91.

Zevia PBC (NYSE:ZVIA) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.07. The firm had revenue of $36.37 million for the quarter, compared to analyst estimates 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 prior year, the firm posted ($0.16) earnings per share. Sell-side analysts predict that Zevia PBC will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ZVIA. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zevia PBC in the second quarter worth $26,000. Nwam LLC acquired a new stake in Zevia PBC during the 3rd quarter worth $39,000. Renaissance Technologies LLC raised its stake in 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 buying an additional 39,000 shares during the period. XTX Topco Ltd bought a new position in Zevia PBC during the third quarter worth about $50,000. Finally, Spire Wealth Management acquired a new position in Zevia PBC in the fourth quarter valued at about $101,000. Institutional investors and hedge funds own 53.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Zevia PBC

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.