Telsey Advisory Group reiterated their market perform rating on shares of Zevia PBC (NYSE:ZVIA - Free Report) in a research report report published on Monday, Benzinga reports. The firm currently has a $2.00 price target on the stock.
Zevia PBC Stock Performance
Shares of NYSE ZVIA traded down $0.07 during midday trading on Monday, hitting $1.09. 439,883 shares of the stock traded hands, compared to its average volume of 197,456. Zevia PBC has a one year low of $0.62 and a one year high of $2.42. The business has a 50 day moving average price of $1.09 and a two-hundred day moving average price of $0.95. The company has a market cap of $79.26 million, a PE ratio of -2.32 and a beta of 0.64.
Zevia PBC (NYSE:ZVIA - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.04. The company had revenue of $40.43 million for the quarter, compared to analyst estimates of $39.59 million. Zevia PBC had a negative return on equity of 44.31% and a negative net margin of 16.98%. During the same quarter last year, the company earned ($0.08) earnings per share. As a group, equities research analysts forecast that Zevia PBC will post -0.36 EPS for the current fiscal year.
Insider Activity
In other Zevia PBC news, major shareholder White Pine Llc sold 26,510 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $1.18, for a total value of $31,281.80. Following the sale, the insider now directly owns 1,577,628 shares in the company, valued at $1,861,601.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 12.55% of the company's stock.
Institutional Trading of Zevia PBC
A hedge fund recently raised its stake in Zevia PBC stock. Renaissance Technologies LLC lifted its holdings in shares of Zevia PBC (NYSE:ZVIA - Free Report) by 128.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,300 shares of the company's stock after purchasing an additional 39,000 shares during the quarter. Renaissance Technologies LLC owned 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.
About Zevia PBC
(
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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.
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