Zevia PBC (NYSE:ZVIA) Announces Earnings Results

Zevia PBC (NYSE:ZVIA - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.07) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.07), Zacks reports. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. The company had revenue of $39.46 million during the quarter, compared to analyst estimates of $39.49 million. Zevia PBC updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Zevia PBC Stock Performance

Shares of NYSE:ZVIA traded up $0.20 during midday trading on Friday, reaching $2.43. 932,369 shares of the company's stock were exchanged, compared to its average volume of 819,142. The company's 50 day simple moving average is $3.86 and its two-hundred day simple moving average is $2.37. The firm has a market capitalization of $177.06 million, a PE ratio of -6.38 and a beta of 0.65. Zevia PBC has a 12 month low of $0.62 and a 12 month high of $4.99.

Insider Buying and Selling

In related news, CEO Amy Taylor sold 11,479 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $4.74, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rosemary L. Ripley sold 2,567,006 shares of the firm's 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 sale, the director now directly owns 2,719,258 shares in the company, valued at $5,166,590.20. The trade was a 48.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,582,464 shares of company stock worth $4,950,344 in the last quarter. 12.55% of the stock is owned by corporate insiders.

Institutional Trading of Zevia PBC

An institutional investor recently raised its position in Zevia PBC stock. Bank of America Corp DE lifted its stake in Zevia PBC (NYSE:ZVIA - Free Report) by 2,845.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,817 shares of the company's stock after acquiring an additional 15,280 shares during the quarter. Bank of America Corp DE's holdings in Zevia PBC were worth $66,000 as of its most recent SEC filing. Institutional investors own 53.21% of the company's stock.

Wall Street Analysts Forecast Growth

ZVIA has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of Zevia PBC from $1.15 to $3.75 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Telsey Advisory Group dropped their price objective on shares of Zevia PBC from $4.00 to $3.00 and set a "market perform" rating on the stock in a research note on Thursday.

Zevia PBC Company 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.