Zevia PBC (NYSE:ZVIA) CEO Sells $31,317.06 in Stock

Zevia PBC (NYSE:ZVIA) CEO Amy Taylor sold 30,703 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $1.02, for a total transaction of $31,317.06. Following the sale, the chief executive officer now owns 959,252 shares of the company’s stock, valued at approximately $978,437.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Amy Taylor also recently made the following trade(s):

• On Wednesday, January 24th, Amy Taylor sold 11,848 shares of Zevia PBC stock. The stock was sold at an average price of $1.73, for a total transaction of $20,497.04.

Zevia PBC Stock Performance

NYSE ZVIA traded up $0.11 on Thursday, reaching $1.16. The company’s stock had a trading volume of 167,202 shares, compared to its average volume of 145,938. Zevia PBC has a twelve month low of $0.98 and a twelve month high of $4.80. The stock has a market cap of $83.35 million, a PE ratio of -2.76 and a beta of 0.61. The firm’s 50 day moving average is $1.49 and its two-hundred day moving average is $1.86.

Zevia PBC (NYSE:ZVIA) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $37.75 million. During the same period in the prior year, the company posted ($0.10) earnings per share. Equities research analysts anticipate that Zevia PBC will post -0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 target price on shares of Zevia PBC in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Zevia PBC presently has an average rating of “Hold” and a consensus price target of $4.17.

Hedge Funds Weigh In On Zevia PBC

A number of large investors have recently made changes to their positions in ZVIA. BlackRock Inc. increased 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 period. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 390,761 shares during the period. State Street Corp increased its holdings in shares of 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 purchasing an additional 351,060 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 317,041 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings in shares of 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 purchasing an additional 219,932 shares during the period. Institutional investors and hedge funds own 53.21% of the company’s stock.

About Zevia PBC

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.