Zevia PBC (NYSE:ZVIA) Announces Earnings Results

Zevia PBC (NYSE:ZVIA) issued its earnings results on Wednesday. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07), Zacks reports. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. Zevia PBC updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Zevia PBC Trading Down 28.5 %

Zevia PBC stock traded down $0.93 during mid-day trading on Wednesday, hitting $2.33. The company had a trading volume of 995,851 shares, compared to its average volume of 769,843. The company’s fifty day moving average is $3.91 and its 200-day moving average is $2.36. Zevia PBC has a 12-month low of $0.62 and a 12-month high of $4.99. The company has a market capitalization of $170.12 million, a price-to-earnings ratio of -6.16 and a beta of 0.65.

Insider Activity at Zevia PBC

In related news, CEO Amy Taylor sold 11,479 shares of the 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 completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rosemary L. Ripley sold 2,567,006 shares of Zevia PBC stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $1.90, for a total value of $4,877,311.40. Following the transaction, the director now owns 2,719,258 shares in the company, valued at approximately $5,166,590.20. This represents a 48.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,582,464 shares of company stock worth $4,950,344. 12.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zevia PBC

An institutional investor recently raised its position in Zevia PBC stock. Bank of America Corp DE increased its position in shares of Zevia PBC (NYSE:ZVIA) by 2,845.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,817 shares of the company’s stock after buying an additional 15,280 shares during the period. Bank of America Corp DE’s holdings in Zevia PBC were worth $66,000 at the end of the most recent reporting period. Institutional investors own 53.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 price target on shares of Zevia PBC in a report on Tuesday, January 14th. The Goldman Sachs Group raised their target price on Zevia PBC from $1.15 to $3.75 and gave the stock a “neutral” rating in a research note 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.