Zevia PBC’s (ZVIA) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Zevia PBC (NYSE:ZVIA) in a report issued on Monday morning, Benzinga reports. Telsey Advisory Group currently has a $2.00 price target on the stock.

Zevia PBC Stock Performance

ZVIA opened at $1.08 on Monday. Zevia PBC has a one year low of $0.62 and a one year high of $2.42. The company has a market cap of $78.16 million, a price-to-earnings ratio of -2.12 and a beta of 0.64. The business’s fifty day moving average is $1.09 and its two-hundred day moving average is $0.95.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. Zevia PBC had a negative return on equity of 44.31% and a negative net margin of 16.98%. The firm had revenue of $40.43 million during the quarter, compared to the consensus estimate of $39.59 million. During the same period in the previous year, the firm posted ($0.08) EPS. On average, analysts predict that Zevia PBC will post -0.36 EPS for the current fiscal year.

Insider Activity at Zevia PBC

In other news, major shareholder White Pine Llc sold 26,510 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $1.18, for a total value of $31,281.80. Following the transaction, the insider now owns 1,577,628 shares of the company’s stock, valued at approximately $1,861,601.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 12.55% of the stock is owned by insiders.

Hedge Funds Weigh In On Zevia PBC

An institutional investor recently raised its position in Zevia PBC stock. Renaissance Technologies LLC raised its stake in Zevia PBC (NYSE:ZVIA) by 128.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 69,300 shares of the company’s stock after buying an additional 39,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.10% of Zevia PBC worth $47,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.