Sapient Capital LLC Purchases New Position in Zevia PBC (NYSE:ZVIA)

Sapient Capital LLC purchased a new stake in shares of Zevia PBC (NYSE:ZVIA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 60,900 shares of the company’s stock, valued at approximately $122,000. Sapient Capital LLC owned about 0.09% of Zevia PBC as of its most recent filing with the SEC.

Separately, Kennedy Capital Management LLC increased its position in shares of Zevia PBC by 51.7% during the third 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 last quarter. 53.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Padraic L. Spence sold 36,300 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $1.02, for a total transaction of $37,026.00. Following the transaction, the director now owns 1,717,240 shares of the company’s stock, valued at approximately $1,751,584.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Padraic L. Spence sold 36,300 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $1.02, for a total transaction of $37,026.00. Following the completion of the sale, the director now directly owns 1,717,240 shares in the company, valued at approximately $1,751,584.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Padraic L. Spence sold 26,199 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $1.32, for a total transaction of $34,582.68. Following the completion of the transaction, the director now owns 1,753,540 shares in the company, valued at approximately $2,314,672.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,937 shares of company stock valued at $114,160. 12.55% of the stock is currently owned by corporate insiders.

Zevia PBC Price Performance

Shares of NYSE:ZVIA opened at $0.86 on Thursday. The company’s fifty day moving average price is $1.10 and its 200-day moving average price is $1.60. The firm has a market capitalization of $61.65 million, a price-to-earnings ratio of -2.04 and a beta of 0.66. Zevia PBC has a one year low of $0.78 and a one year high of $4.80.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ZVIA shares. Telsey Advisory Group reissued a “market perform” rating and issued a $4.00 price target on shares of Zevia PBC in a report on Wednesday, February 21st. Morgan Stanley dropped their target price on shares of Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.17.

Zevia PBC 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.