Calamos Advisors LLC Takes $471,000 Position in Zevia PBC (NYSE:ZVIA)

Calamos Advisors LLC bought a new stake in shares of Zevia PBC (NYSE:ZVIA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 112,428 shares of the company's stock, valued at approximately $471,000. Calamos Advisors LLC owned 0.15% of Zevia PBC at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ZVIA. Nwam LLC purchased a new stake in shares of Zevia PBC in the 3rd quarter worth approximately $39,000. Renaissance Technologies LLC increased its holdings in shares of Zevia PBC by 128.7% in the 2nd 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 period. XTX Topco Ltd bought a new position in shares of Zevia PBC in the 3rd quarter worth $50,000. Spire Wealth Management bought a new position in Zevia PBC in the fourth quarter worth about $101,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Zevia PBC during the third quarter valued at about $108,000. 53.21% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Amy Taylor sold 11,479 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $4.74, for a total value of $54,410.46. Following the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rosemary L. Ripley sold 2,567,006 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $1.90, for a total value of $4,877,311.40. Following the completion of the transaction, the director now owns 2,719,258 shares in the company, valued at approximately $5,166,590.20. This trade represents a 48.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,582,464 shares of company stock valued at $4,950,344 in the last three months. 12.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on ZVIA. The Goldman Sachs Group boosted their price objective 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. Telsey Advisory Group reaffirmed a "market perform" rating and set a $4.00 target price on shares of Zevia PBC in a research report on Tuesday, January 14th.

Zevia PBC Stock Performance

ZVIA traded down $0.36 on Friday, reaching $3.39. 1,029,945 shares of the stock were exchanged, compared to its average volume of 839,238. The company's 50-day moving average price is $3.83 and its 200 day moving average price is $2.13. Zevia PBC has a fifty-two week low of $0.62 and a fifty-two week high of $4.99.

Zevia PBC (NYSE:ZVIA - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.07. The business had revenue of $36.37 million for the quarter, compared to the consensus estimate 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 firm earned ($0.16) EPS. As a group, research analysts predict that Zevia PBC will post -0.32 EPS for the current year.

Zevia PBC Profile

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.