Zevia PBC (NYSE:ZVIA) Shares Down 5.2%

Zevia PBC (NYSE:ZVIA) dropped 5.2% during trading on Wednesday . The company traded as low as $12.01 and last traded at $12.03. 5,049 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 351,387 shares. The stock had previously closed at $12.69.

A number of equities analysts recently issued reports on ZVIA shares. Morgan Stanley started coverage on Zevia PBC in a report on Monday, August 16th. They set an “equal weight” rating and a $14.50 price target on the stock. The Goldman Sachs Group initiated coverage on Zevia PBC in a report on Monday, August 16th. They issued a “buy” rating and a $28.00 target price on the stock. Stephens began coverage on Zevia PBC in a report on Monday, August 16th. They set an “overweight” rating and a $19.00 price target for the company. Bank of America began coverage on shares of Zevia PBC in a research note on Monday, August 16th. They issued a “neutral” rating and a $14.00 price objective on the stock. Finally, BMO Capital Markets began coverage on shares of Zevia PBC in a research note on Monday, August 16th. They issued an “outperform” rating and a $24.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Zevia PBC currently has an average rating of “Buy” and a consensus target price of $19.25.

About Zevia PBC (NYSE:ZVIA)

Zevia PBC focused on addressing health challenges resulting from excess sugar consumption by offering a portfolio of zero sugar, zero calorie, naturally sweetened beverages. Zevia PBC is based in LOS ANGELES.

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