Zevia PBC (NYSE:ZVIA) Receives Consensus Rating of “Hold” from Analysts

Zevia PBC (NYSE:ZVIA) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.6750.

Several brokerages have weighed in on ZVIA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zevia PBC in a report on Wednesday, January 21st. Telsey Advisory Group restated an “outperform” rating and issued a $6.00 price objective on shares of Zevia PBC in a report on Wednesday, January 14th. Craig Hallum started coverage on shares of Zevia PBC in a research note on Thursday, January 15th. They issued a “buy” rating and a $4.00 price objective for the company. Finally, Zacks Research downgraded shares of Zevia PBC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th.

Insider Transactions at Zevia PBC

In related news, major shareholder De Depot Et Placement D. Caisse sold 3,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $2.00, for a total value of $7,000,000.00. Following the completion of the transaction, the insider owned 13,550,428 shares of the company’s stock, valued at $27,100,856. The trade was a 20.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 11.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Divisadero Street Capital Management LP bought a new stake in Zevia PBC during the second quarter valued at about $10,404,000. Jefferies Financial Group Inc. bought a new position in Zevia PBC in the fourth quarter worth about $4,864,000. Ghisallo Capital Management LLC lifted its position in shares of Zevia PBC by 265.1% during the third quarter. Ghisallo Capital Management LLC now owns 1,100,000 shares of the company’s stock valued at $2,992,000 after buying an additional 798,700 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Zevia PBC by 99.9% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 761,700 shares of the company’s stock valued at $2,453,000 after buying an additional 380,693 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Zevia PBC by 66.5% in the 2nd quarter. Geode Capital Management LLC now owns 933,407 shares of the company’s stock worth $3,006,000 after buying an additional 372,665 shares during the last quarter. 53.21% of the stock is owned by institutional investors.

Zevia PBC Stock Performance

Zevia PBC stock opened at $1.60 on Wednesday. The company has a market capitalization of $120 million, a PE ratio of -7.27 and a beta of 0.86. The company has a 50 day moving average price of $2.13 and a 200-day moving average price of $2.47. Zevia PBC has a fifty-two week low of $1.60 and a fifty-two week high of $3.70.

Zevia PBC Company Profile

Zevia PBC, headquartered in Los Angeles, is a Public Benefit Corporation that produces zero-calorie, naturally sweetened beverages. Founded in 2007, the company went public through a merger with a special purpose acquisition company in March 2021. Zevia’s mission centers on offering healthier drink alternatives by using stevia leaf extract and other plant-based ingredients rather than sugar or artificial sweeteners.

The company’s product portfolio spans multiple categories, including carbonated sodas, sparkling water, energy drinks, mixers and flavored teas.