Telsey Advisory Group Predicts Higher Earnings for Zevia PBC

Zevia PBC (NYSE:ZVIA - Free Report) - Equities researchers at Telsey Advisory Group lifted their FY2024 earnings per share estimates for shares of Zevia PBC in a report issued on Thursday, November 7th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn ($0.27) per share for the year, up from their prior estimate of ($0.32). Telsey Advisory Group has a "Market Perform" rating and a $2.00 price target on the stock. The consensus estimate for Zevia PBC's current full-year earnings is ($0.29) per share. Telsey Advisory Group also issued estimates for Zevia PBC's Q4 2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.14) EPS.

Zevia PBC (NYSE:ZVIA - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.07. The business had revenue of $36.37 million for the quarter, compared to analysts' expectations of $38.53 million. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. During the same period in the prior year, the company posted ($0.16) EPS.

Zevia PBC Price Performance

NYSE ZVIA traded up $0.38 during trading on Monday, reaching $1.91. The company's stock had a trading volume of 1,196,906 shares, compared to its average volume of 221,573. The stock has a market capitalization of $138.52 million, a PE ratio of -5.01 and a beta of 0.64. The firm has a fifty day moving average of $1.12 and a 200 day moving average of $0.97. Zevia PBC has a one year low of $0.62 and a one year high of $2.42.

Hedge Funds Weigh In On Zevia PBC

A hedge fund recently raised its stake in Zevia PBC stock. Renaissance Technologies LLC increased its stake in Zevia PBC (NYSE:ZVIA - Free Report) by 128.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,300 shares of the company's stock after purchasing an additional 39,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.10% of Zevia PBC worth $47,000 at the end of the most recent quarter. 53.21% of the stock is currently owned by institutional investors.

Insider Transactions at Zevia PBC

In other Zevia PBC news, major shareholder White Pine Llc sold 26,510 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $1.18, for a total transaction of $31,281.80. Following the completion of the sale, the insider now directly owns 1,577,628 shares in the company, valued at $1,861,601.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 12.55% of the stock is currently owned by insiders.

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.