Insider Selling: Zevia PBC (NYSE:ZVIA) Major Shareholder Sells 26,510 Shares of Stock

Zevia PBC (NYSE:ZVIA) major shareholder White Pine Llc sold 26,510 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $1.18, for a total transaction of $31,281.80. Following the completion of the sale, the insider now owns 1,577,628 shares of the company’s stock, valued at approximately $1,861,601.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Zevia PBC Stock Up 1.0 %

ZVIA stock opened at $1.05 on Thursday. Zevia PBC has a 12-month low of $0.62 and a 12-month high of $2.42. The company has a market cap of $76.35 million, a price-to-earnings ratio of -2.19 and a beta of 0.66. The company has a 50 day moving average of $1.02 and a two-hundred day moving average of $0.95.

Zevia PBC (NYSE:ZVIA) last released its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. Zevia PBC had a negative net margin of 16.98% and a negative return on equity of 44.31%. The company had revenue of $40.43 million during the quarter, compared to the consensus estimate of $39.59 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. On average, research analysts anticipate that Zevia PBC will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zevia PBC stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zevia PBC (NYSE:ZVIA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 39,030 shares of the company’s stock, valued at approximately $26,000. Point72 Asia Singapore Pte. Ltd. owned about 0.05% of Zevia PBC as of its most recent SEC filing. Institutional investors own 53.21% of the company’s stock.

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.