SBI Securities Co. Ltd. Buys Shares of 13,564 Zevia PBC (NYSE:ZVIA)

SBI Securities Co. Ltd. bought a new position in shares of Zevia PBC (NYSE:ZVIA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 13,564 shares of the company’s stock, valued at approximately $57,000.

Several other institutional investors also recently modified their holdings of the stock. Nwam LLC acquired a new stake in shares of Zevia PBC in the 3rd quarter valued at approximately $39,000. XTX Topco Ltd acquired a new stake in Zevia PBC in the third quarter worth $50,000. Abacus Planning Group Inc. bought a new position in shares of Zevia PBC during the fourth quarter worth $57,000. Spire Wealth Management bought a new position in shares of Zevia PBC during the fourth quarter worth $101,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Zevia PBC in the 3rd quarter valued at $108,000. 53.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ZVIA shares. The Goldman Sachs Group raised their price objective on 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 dropped their price target on Zevia PBC from $4.00 to $3.00 and set a “market perform” rating on the stock in a research report on Thursday, February 27th.

Insider Buying and Selling

In related news, 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 value of $54,410.46. Following the sale, the chief executive officer now owns 1,002,773 shares of the company’s stock, valued at approximately $4,753,144.02. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.55% of the company’s stock.

Zevia PBC Stock Down 2.1 %

Shares of ZVIA stock opened at $2.13 on Tuesday. Zevia PBC has a 12-month low of $0.62 and a 12-month high of $4.99. The firm has a fifty day moving average of $3.70 and a 200-day moving average of $2.44. The company has a market capitalization of $155.15 million, a price-to-earnings ratio of -5.59 and a beta of 0.74.

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.