Zevia PBC’s (ZVIA) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of Zevia PBC (NYSE:ZVIA) in a report published on Friday,Weiss Ratings reports.

Several other brokerages also recently commented on ZVIA. Zacks Research raised shares of Zevia PBC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Morgan Stanley upped their target price on shares of Zevia PBC from $2.50 to $2.70 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. BMO Capital Markets upped their price target on shares of Zevia PBC from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Telsey Advisory Group upped their price target on shares of Zevia PBC from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.61.

Zevia PBC Price Performance

ZVIA opened at $2.50 on Friday. The company has a market cap of $187.00 million, a price-to-earnings ratio of -11.34 and a beta of 0.88. The firm has a 50 day simple moving average of $2.55 and a 200 day simple moving average of $2.74. Zevia PBC has a fifty-two week low of $0.96 and a fifty-two week high of $4.99.

Zevia PBC (NYSE:ZVIA) last issued its earnings results on Wednesday, August 6th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. Zevia PBC had a negative net margin of 8.97% and a negative return on equity of 27.86%. The firm had revenue of $44.52 million during the quarter, compared to the consensus estimate of $41.63 million. As a group, analysts expect that Zevia PBC will post -0.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Zevia PBC in the second quarter valued at approximately $25,000. DKM Wealth Management Inc. acquired a new position in Zevia PBC during the second quarter worth $42,000. First Manhattan CO. LLC. acquired a new position in Zevia PBC during the first quarter worth $48,000. JPMorgan Chase & Co. boosted its holdings in Zevia PBC by 2,460.7% during the second quarter. JPMorgan Chase & Co. now owns 15,518 shares of the company’s stock worth $50,000 after purchasing an additional 14,912 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Zevia PBC during the second quarter worth $51,000. Institutional investors and hedge funds own 53.21% of the company’s stock.

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.