Analysts Set Zevia PBC (NYSE:ZVIA) Price Target at $4.17

Zevia PBC (NYSE:ZVIA) has been assigned a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.17.

ZVIA has been the subject of several analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $4.00 target price on shares of Zevia PBC in a research note on Wednesday, February 21st. Morgan Stanley lowered their target price on Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 28th.

Zevia PBC Trading Down 5.0 %

Shares of NYSE ZVIA opened at $0.96 on Tuesday. Zevia PBC has a twelve month low of $0.94 and a twelve month high of $4.80. The stock has a market capitalization of $68.98 million, a PE ratio of -2.29 and a beta of 0.56. The stock has a fifty day simple moving average of $1.30 and a 200-day simple moving average of $1.71.

Zevia PBC (NYSE:ZVIA) last released its earnings results on Tuesday, February 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.01). Zevia PBC had a negative return on equity of 29.55% and a negative net margin of 12.91%. The company had revenue of $37.79 million for the quarter, compared to analyst estimates of $37.75 million. During the same period in the previous year, the firm earned ($0.10) earnings per share. On average, equities analysts predict that Zevia PBC will post -0.32 earnings per share for the current year.

Insiders Place Their Bets

In other Zevia PBC news, CEO Amy Taylor sold 30,703 shares of Zevia PBC stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $1.02, for a total transaction of $31,317.06. Following the completion of the sale, the chief executive officer now directly owns 959,252 shares of the company’s stock, valued at approximately $978,437.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Zevia PBC news, CEO Amy Taylor sold 30,703 shares of Zevia PBC stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $1.02, for a total transaction of $31,317.06. Following the completion of the sale, the chief executive officer now directly owns 959,252 shares of the company’s stock, valued at approximately $978,437.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Padraic L. Spence sold 36,300 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $1.02, for a total value of $37,026.00. Following the completion of the sale, the director now directly owns 1,717,240 shares of the company’s stock, valued at $1,751,584.80. The disclosure for this sale can be found here. Insiders sold 122,700 shares of company stock valued at $146,828 in the last ninety days. Insiders own 11.73% of the company’s stock.

Institutional Trading of Zevia PBC

Several institutional investors and hedge funds have recently made changes to their positions in ZVIA. BlackRock Inc. lifted its holdings in shares of Zevia PBC by 369.7% in the 2nd quarter. BlackRock Inc. now owns 1,535,279 shares of the company’s stock valued at $6,617,000 after purchasing an additional 1,208,403 shares during the last quarter. Vanguard Group Inc. increased its position in Zevia PBC by 80.8% in the 3rd quarter. Vanguard Group Inc. now owns 874,598 shares of the company’s stock valued at $3,778,000 after acquiring an additional 390,761 shares during the period. State Street Corp increased its position in Zevia PBC by 290.5% in the 2nd quarter. State Street Corp now owns 471,918 shares of the company’s stock valued at $2,034,000 after acquiring an additional 351,060 shares during the period. Geode Capital Management LLC increased its position in Zevia PBC by 88.5% in the 2nd quarter. Geode Capital Management LLC now owns 675,115 shares of the company’s stock valued at $2,910,000 after acquiring an additional 317,041 shares during the period. Finally, Kennedy Capital Management LLC increased its position in Zevia PBC by 51.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 645,041 shares of the company’s stock valued at $1,432,000 after acquiring an additional 219,932 shares during the period. 53.21% of the stock is owned by hedge funds and other institutional investors.

Zevia PBC Company Profile

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.