Amy Taylor Sells 11,479 Shares of Zevia PBC (NYSE:ZVIA) Stock

Zevia PBC (NYSE:ZVIA) CEO Amy Taylor sold 11,479 shares of the business’s 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Zevia PBC Stock Performance

Shares of Zevia PBC stock opened at $4.21 on Friday. Zevia PBC has a 1-year low of $0.62 and a 1-year high of $4.99. The stock’s 50 day simple moving average is $3.47 and its 200-day simple moving average is $1.91.

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings results 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. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. The firm had revenue of $36.37 million for the quarter, compared to analysts’ expectations of $38.53 million. During the same quarter in the previous year, the company posted ($0.16) EPS. On average, equities analysts expect that Zevia PBC will post -0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

ZVIA has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price target on shares of Zevia PBC in a research note on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on shares of Zevia PBC from $1.15 to $3.75 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th.

Institutional Investors Weigh In On Zevia PBC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zevia PBC during the 2nd quarter worth $26,000. Nwam LLC purchased a new position in Zevia PBC during the third quarter worth about $39,000. Renaissance Technologies LLC increased its position 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 valued at $47,000 after acquiring an additional 39,000 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Zevia PBC in the 3rd quarter valued at approximately $50,000. Finally, Spire Wealth Management acquired a new position in shares of Zevia PBC in the 4th quarter worth approximately $101,000. 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.