Analysts Set Zevia PBC (NYSE:ZVIA) PT at $4.42

Zevia PBC (NYSE:ZVIA) has been given an average rating of “Hold” by the six analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $4.4250.

Separately, Weiss Ratings lowered shares of Zevia PBC from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, June 24th.

Insider Buying and Selling at Zevia PBC

In other news, major shareholder De Depot Et Placement D. Caisse sold 2,150,000 shares of Zevia PBC stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $1.90, for a total transaction of $4,085,000.00. Following the sale, the insider owned 11,400,428 shares of the company’s stock, valued at approximately $21,660,813.20. The trade was a 15.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new position in Zevia PBC in the fourth quarter worth $26,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Zevia PBC in the 4th quarter worth about $27,000. Engineers Gate Manager LP purchased a new stake in shares of Zevia PBC in the 4th quarter worth about $28,000. SG Americas Securities LLC bought a new position in shares of Zevia PBC in the 4th quarter worth about $31,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Zevia PBC during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 53.21% of the company’s stock.

Zevia PBC Price Performance

Shares of NYSE:ZVIA opened at $1.74 on Friday. Zevia PBC has a 1 year low of $1.11 and a 1 year high of $3.63. The company has a market cap of $133.56 million, a PE ratio of -17.35 and a beta of 1.00. The stock’s 50-day moving average is $1.51 and its 200 day moving average is $1.53.

Zevia PBC (NYSE:ZVIA) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). Zevia PBC had a negative return on equity of 13.43% and a negative net margin of 4.11%.The business had revenue of $46.09 million during the quarter, compared to analysts’ expectations of $40.97 million. Analysts expect that Zevia PBC will post -0.1 EPS for the current fiscal year.

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.