Zevia PBC (NYSE:ZVIA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Zevia PBC (NYSE:ZVIA) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.6125.

A number of equities analysts have issued reports on ZVIA shares. Telsey Advisory Group restated an “outperform” rating and set a $6.00 price target on shares of Zevia PBC in a report on Wednesday, October 29th. BMO Capital Markets increased their target price on Zevia PBC from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Zacks Research upgraded Zevia PBC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Morgan Stanley increased their target price on Zevia PBC from $2.50 to $2.70 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zevia PBC in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Zevia PBC

Large investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Zevia PBC during the 2nd quarter valued at $25,000. DKM Wealth Management Inc. purchased a new stake in shares of Zevia PBC during the 2nd quarter valued at $42,000. JPMorgan Chase & Co. increased its position in shares of Zevia PBC by 2,460.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,518 shares of the company’s stock valued at $50,000 after purchasing an additional 14,912 shares during the last quarter. Bank of America Corp DE increased its position in shares of Zevia PBC by 2,845.4% during the 4th quarter. Bank of America Corp DE now owns 15,817 shares of the company’s stock valued at $66,000 after purchasing an additional 15,280 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Zevia PBC during the 2nd quarter valued at $51,000. 53.21% of the stock is currently owned by institutional investors.

Zevia PBC Stock Performance

Zevia PBC stock opened at $2.35 on Monday. The stock has a market capitalization of $175.76 million, a price-to-earnings ratio of -10.66 and a beta of 0.87. Zevia PBC has a 52-week low of $0.96 and a 52-week high of $4.99. The stock’s 50 day moving average price is $2.49 and its two-hundred day moving average price is $2.74.

Zevia PBC (NYSE:ZVIA) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $44.52 million for the quarter, compared to analysts’ expectations of $41.63 million. Zevia PBC had a negative return on equity of 27.86% and a negative net margin of 8.97%. On average, equities research analysts forecast that Zevia PBC will post -0.32 EPS for the current year.

About Zevia PBC

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.