Insider Selling: Zevia PBC (NYSE:ZVIA) EVP Sells 6,627 Shares of Stock

Zevia PBC (NYSE:ZVIAGet Rating) EVP Robert Gay sold 6,627 shares of the business’s stock in a transaction that occurred on Friday, April 22nd. The shares were sold at an average price of $3.36, for a total transaction of $22,266.72. Following the transaction, the executive vice president now directly owns 894,990 shares of the company’s stock, valued at $3,007,166.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert Gay also recently made the following trade(s):

  • On Thursday, April 7th, Robert Gay sold 6,029 shares of Zevia PBC stock. The shares were sold at an average price of $4.42, for a total transaction of $26,648.18.

Shares of ZVIA traded up $0.02 during mid-day trading on Tuesday, reaching $3.46. The stock had a trading volume of 276,271 shares, compared to its average volume of 282,112. Zevia PBC has a 12 month low of $3.10 and a 12 month high of $17.50. The business’s fifty day moving average price is $5.33.

Zevia PBC (NYSE:ZVIAGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported ($0.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.53) by ($0.06). The business had revenue of $34.17 million for the quarter, compared to analyst estimates of $36.78 million. Equities research analysts expect that Zevia PBC will post -0.55 EPS for the current year.

Several large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Zevia PBC by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,503 shares of the company’s stock worth $194,000 after acquiring an additional 2,354 shares during the last quarter. Strs Ohio bought a new position in shares of Zevia PBC during the third quarter worth $27,000. Point72 Hong Kong Ltd bought a new position in shares of Zevia PBC during the third quarter worth $32,000. New York State Common Retirement Fund bought a new position in shares of Zevia PBC during the fourth quarter worth $30,000. Finally, Squarepoint Ops LLC boosted its position in shares of Zevia PBC by 3.2% during the fourth quarter. Squarepoint Ops LLC now owns 154,858 shares of the company’s stock worth $1,092,000 after acquiring an additional 4,858 shares during the last quarter. Hedge funds and other institutional investors own 48.37% of the company’s stock.

A number of analysts have commented on the stock. BMO Capital Markets reduced their target price on shares of Zevia PBC from $18.00 to $13.00 in a report on Monday, February 28th. The Goldman Sachs Group reduced their target price on shares of Zevia PBC from $18.00 to $16.00 and set a “buy” rating for the company in a report on Monday, April 4th. Telsey Advisory Group reduced their target price on shares of Zevia PBC from $14.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, February 25th. Finally, Zacks Investment Research cut shares of Zevia PBC from a “hold” rating to a “sell” rating in a report on Thursday, March 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Zevia PBC has an average rating of “Hold” and a consensus target price of $14.19.

Zevia PBC Company Profile (Get Rating)

Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated and non-carbonated soft drinks in the United States and Canada. It offers soda, energy drinks, organic tea, mixers, kidz beverages, and sparkling water. The company offers its products through various retail channels, including grocery distributors, national retailers, warehouse club, and natural products retailers, as well as e-commerce channels.

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