Stifel Financial Corp Invests $42,000 in Zevia PBC (NYSE:ZVIA)

Stifel Financial Corp bought a new position in shares of Zevia PBC (NYSE:ZVIA) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,050 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors also recently modified their holdings of ZVIA. Spire Wealth Management acquired a new position in shares of Zevia PBC during the 4th quarter worth about $101,000. Calamos Advisors LLC acquired a new position in shares of Zevia PBC in the 4th quarter valued at approximately $471,000. Abacus Planning Group Inc. acquired a new position in shares of Zevia PBC in the 4th quarter valued at approximately $57,000. SBI Securities Co. Ltd. acquired a new position in shares of Zevia PBC in the 4th quarter valued at approximately $57,000. Finally, Emerald Advisers LLC acquired a new position in shares of Zevia PBC in the 4th quarter valued at approximately $228,000. 53.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $3.00 price objective on shares of Zevia PBC in a research report on Monday, May 5th.

Zevia PBC Stock Performance

Shares of ZVIA opened at $3.03 on Friday. The stock has a 50 day simple moving average of $2.30 and a 200 day simple moving average of $2.83. Zevia PBC has a 52-week low of $0.62 and a 52-week high of $4.99. The firm has a market capitalization of $222.36 million, a PE ratio of -7.96 and a beta of 0.76.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. The business had revenue of $38.02 million during the quarter, compared to analyst estimates of $37.15 million. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. Equities research analysts predict that Zevia PBC will post -0.32 EPS for the current fiscal year.

Zevia PBC 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.