Zevia PBC (NYSE:ZVIA) CEO Sells $54,410.46 in Stock

Zevia PBC (NYSE:ZVIA) CEO Amy Taylor sold 11,479 shares of Zevia PBC stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $4.74, for a total transaction of $54,410.46. Following the completion of the sale, the chief executive officer now owns 1,002,773 shares of the company’s stock, valued at $4,753,144.02. This trade represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Zevia PBC Trading Down 0.4 %

NYSE:ZVIA opened at $4.21 on Friday. The company’s fifty day moving average price is $3.47 and its 200-day moving average price is $1.91. Zevia PBC has a 1-year low of $0.62 and a 1-year high of $4.99.

Zevia PBC (NYSE:ZVIA) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.07. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. The business had revenue of $36.37 million during the quarter, compared to analyst estimates of $38.53 million. During the same quarter last year, the business posted ($0.16) EPS. On average, equities research analysts anticipate that Zevia PBC will post -0.31 EPS for the current fiscal year.

Institutional Trading of Zevia PBC

A number of hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in shares of Zevia PBC during the 4th quarter worth about $101,000. ORG Wealth Partners LLC acquired a new stake in Zevia PBC in the fourth quarter valued at approximately $129,000. Nwam LLC purchased a new stake in shares of Zevia PBC in the third quarter valued at approximately $39,000. Renaissance Technologies LLC raised its stake in shares of Zevia PBC by 128.7% during the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock worth $47,000 after buying an additional 39,000 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zevia PBC during the 2nd quarter valued at approximately $26,000. 53.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ZVIA. The Goldman Sachs Group lifted their price objective on shares of Zevia PBC from $1.15 to $3.75 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price target on shares of Zevia PBC in a research note on Tuesday, January 14th.

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.