Insider Selling: Zevia PBC (NYSE:ZVIA) SVP Sells 3,979 Shares of Stock

Zevia PBC (NYSE:ZVIA) SVP Lorna R. Simms sold 3,979 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $4.68, for a total transaction of $18,621.72. Following the transaction, the senior vice president now owns 229,014 shares of the company’s stock, valued at approximately $1,071,785.52. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Zevia PBC Stock Performance

Shares of NYSE:ZVIA traded down $0.23 during midday trading on Thursday, reaching $4.24. 514,842 shares of the company’s stock were exchanged, compared to its average volume of 1,158,149. Zevia PBC has a 12 month low of $0.62 and a 12 month high of $4.99. The firm has a market capitalization of $309.20 million, a PE ratio of -11.14 and a beta of 0.66. The company’s 50 day simple moving average is $3.38 and its two-hundred day simple moving average is $1.86.

Zevia PBC (NYSE:ZVIA) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.07. The company had revenue of $36.37 million for the quarter, compared to analyst estimates of $38.53 million. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. During the same period in the prior year, the company posted ($0.16) EPS. On average, research analysts anticipate that Zevia PBC will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Zevia PBC

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Zevia PBC during the 2nd quarter valued at about $26,000. Renaissance Technologies LLC increased its holdings in shares of Zevia PBC by 128.7% during the second quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock worth $47,000 after buying an additional 39,000 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Zevia PBC in the fourth quarter valued at approximately $129,000. XTX Topco Ltd acquired a new position in shares of Zevia PBC in the 3rd quarter worth approximately $50,000. Finally, Nwam LLC bought a new stake in Zevia PBC during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 53.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ZVIA. The Goldman Sachs Group upped their price objective on shares of Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price target on shares of Zevia PBC in a report on Tuesday, January 14th.

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.