Insider Selling: Zevia PBC (NYSE:ZVIA) Director Sells $44,082.82 in Stock

Zevia PBC (NYSE:ZVIAGet Rating) Director Padraic L. Spence sold 9,818 shares of the firm’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $4.49, for a total value of $44,082.82. Following the completion of the sale, the director now directly owns 2,254,678 shares in the company, valued at approximately $10,123,504.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Zevia PBC Stock Up 0.9 %

Shares of NYSE:ZVIA opened at $4.34 on Monday. The firm has a market cap of $298.92 million, a P/E ratio of -3.24 and a beta of 0.23. Zevia PBC has a 12-month low of $1.86 and a 12-month high of $10.39. The business has a fifty day simple moving average of $4.07 and a 200 day simple moving average of $4.15.

Zevia PBC (NYSE:ZVIAGet Rating) last announced its earnings results on Thursday, November 10th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.04. The business had revenue of $44.24 million during the quarter, compared to analyst estimates of $47.79 million. Zevia PBC had a negative return on equity of 53.59% and a negative net margin of 30.64%. As a group, equities research analysts expect that Zevia PBC will post -0.85 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ZVIA. Emerald Advisers LLC raised its position in shares of Zevia PBC by 62.3% in the 3rd quarter. Emerald Advisers LLC now owns 1,236,936 shares of the company’s stock worth $5,344,000 after acquiring an additional 474,725 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Zevia PBC by 80.8% in the 3rd quarter. Vanguard Group Inc. now owns 874,598 shares of the company’s stock worth $3,778,000 after acquiring an additional 390,761 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of Zevia PBC by 115.9% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 644,365 shares of the company’s stock worth $1,811,000 after acquiring an additional 345,969 shares in the last quarter. BlackRock Inc. raised its position in shares of Zevia PBC by 649.8% in the 3rd quarter. BlackRock Inc. now owns 326,053 shares of the company’s stock worth $1,408,000 after acquiring an additional 282,570 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Zevia PBC by 92.8% in the 1st quarter. Renaissance Technologies LLC now owns 158,297 shares of the company’s stock worth $723,000 after acquiring an additional 76,174 shares in the last quarter. 43.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ZVIA. Morgan Stanley dropped their price target on Zevia PBC from $3.75 to $3.50 and set an “equal weight” rating for the company in a research note on Friday, November 11th. Stephens dropped their price target on Zevia PBC from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Friday, November 11th. Telsey Advisory Group dropped their price target on Zevia PBC from $6.00 to $5.50 and set an “outperform” rating for the company in a research note on Friday, November 11th. Finally, Wells Fargo & Company dropped their price target on Zevia PBC from $4.50 to $4.00 and set an “equal weight” rating for the company in a research note on Friday, November 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.33.

About Zevia PBC

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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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Insider Buying and Selling by Quarter for Zevia PBC (NYSE:ZVIA)

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