Sapient Capital LLC Takes $41,000 Position in Zevia PBC (NYSE:ZVIA)

Sapient Capital LLC purchased a new stake in shares of Zevia PBC (NYSE:ZVIA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,300 shares of the company’s stock, valued at approximately $41,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in Zevia PBC by 18.1% in the fourth quarter. Jane Street Group LLC now owns 21,570 shares of the company’s stock worth $88,000 after purchasing an additional 3,305 shares during the period. BlackRock Inc. lifted its holdings in Zevia PBC by 1.2% in the first quarter. BlackRock Inc. now owns 326,876 shares of the company’s stock worth $1,258,000 after purchasing an additional 3,914 shares during the period. State Street Corp lifted its holdings in Zevia PBC by 3.5% in the first 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. Penserra Capital Management LLC lifted its holdings in Zevia PBC by 70.0% in the first quarter. Penserra Capital Management LLC now owns 13,296 shares of the company’s stock worth $60,000 after purchasing an additional 5,476 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Zevia PBC by 23.3% in the first quarter. Bank of New York Mellon Corp now owns 31,328 shares of the company’s stock worth $144,000 after purchasing an additional 5,929 shares during the period. Institutional investors and hedge funds own 53.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ZVIA. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price objective on shares of Zevia PBC in a report on Wednesday, February 21st. Morgan Stanley reduced their price objective on shares of Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Zevia PBC has an average rating of “Hold” and a consensus price target of $4.17.

Insiders Place Their Bets

In other Zevia PBC news, Director Padraic L. Spence sold 36,300 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $1.02, for a total transaction of $37,026.00. Following the sale, the director now owns 1,717,240 shares in the company, valued at approximately $1,751,584.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Zevia PBC news, Director Padraic L. Spence sold 36,300 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $1.02, for a total transaction of $37,026.00. Following the sale, the director now owns 1,717,240 shares in the company, valued at approximately $1,751,584.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Padraic L. Spence sold 27,170 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $1.58, for a total value of $42,928.60. Following the sale, the director now owns 1,779,739 shares in the company, valued at approximately $2,811,987.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,870 shares of company stock worth $189,756. Company insiders own 11.73% of the company’s stock.

Zevia PBC Price Performance

Shares of NYSE ZVIA opened at $1.02 on Wednesday. Zevia PBC has a twelve month low of $0.96 and a twelve month high of $4.80. The firm has a 50-day moving average of $1.33 and a two-hundred day moving average of $1.72.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Zevia PBC had a negative net margin of 12.91% and a negative return on equity of 29.55%. The business had revenue of $37.79 million during the quarter, compared to analyst estimates of $37.75 million. During the same period in the previous year, the company posted ($0.10) earnings per share. Equities analysts predict that Zevia PBC will post -0.32 earnings per share for the current fiscal year.

Zevia PBC Company Profile

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.