Insider Selling: Zevia PBC (NYSE:ZVIA) COO Sells 6,000 Shares of Stock

Zevia PBC (NYSE:ZVIAGet Rating) COO Harry Margolis sold 6,000 shares of the stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $2.22, for a total transaction of $13,320.00. Following the transaction, the chief operating officer now directly owns 754,212 shares of the company’s stock, valued at $1,674,350.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Harry Margolis also recently made the following trade(s):

  • On Friday, April 22nd, Harry Margolis sold 6,457 shares of Zevia PBC stock. The shares were sold at an average price of $3.36, for a total transaction of $21,695.52.
  • On Thursday, April 7th, Harry Margolis sold 5,874 shares of Zevia PBC stock. The shares were sold at an average price of $4.41, for a total transaction of $25,904.34.

Shares of ZVIA opened at $2.04 on Friday. The stock has a 50 day moving average price of $3.80 and a 200 day moving average price of $6.60. Zevia PBC has a 52-week low of $1.86 and a 52-week high of $17.50.

Zevia PBC (NYSE:ZVIAGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.06). The business had revenue of $34.17 million for the quarter, compared to analysts’ expectations of $36.78 million. Zevia PBC had a negative return on equity of 211.71% and a negative net margin of 39.61%. On average, sell-side analysts predict that Zevia PBC will post -0.66 EPS for the current fiscal year.

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

A number of hedge funds have recently added to or reduced their stakes in ZVIA. Charles Schwab Investment Management Inc. boosted its position in shares of Zevia PBC by 9.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,503 shares of the company’s stock worth $194,000 after buying an additional 2,354 shares during the period. Point72 Hong Kong Ltd bought a new stake in Zevia PBC in the third quarter worth $32,000. New York State Common Retirement Fund acquired a new position in Zevia PBC during the fourth quarter valued at approximately $30,000. Squarepoint Ops LLC increased its stake in shares of Zevia PBC by 3.2% in the fourth quarter. Squarepoint Ops LLC now owns 154,858 shares of the company’s stock worth $1,092,000 after purchasing an additional 4,858 shares during the period. Finally, State Street Corp increased its holdings in shares of Zevia PBC by 3.5% during the 1st quarter. State Street Corp now owns 151,222 shares of the company’s stock worth $691,000 after purchasing an additional 5,089 shares during the period. 48.25% of the stock is owned by institutional investors and hedge funds.

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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