Telsey Advisory Group Issues Pessimistic Forecast for Zevia PBC (NYSE:ZVIA) Stock Price

Zevia PBC (NYSE:ZVIA - Free Report) had its price objective trimmed by Telsey Advisory Group from $4.00 to $3.00 in a report published on Thursday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

Separately, The Goldman Sachs Group boosted their target price on shares of Zevia PBC from $1.15 to $3.75 and gave the stock a "neutral" rating in a report on Tuesday, January 14th.

Zevia PBC Stock Down 4.1 %

ZVIA stock traded down $0.10 during trading on Thursday, reaching $2.34. The company's stock had a trading volume of 718,818 shares, compared to its average volume of 816,632. The company's fifty day moving average is $3.86 and its 200-day moving average is $2.39. The company has a market capitalization of $170.85 million, a P/E ratio of -6.16 and a beta of 0.65. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $4.99.

Insider Activity at Zevia PBC

In other Zevia PBC news, CEO Amy Taylor sold 11,479 shares of Zevia PBC stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $4.74, for a total transaction of $54,410.46. Following the completion of the sale, the chief executive officer now directly owns 1,002,773 shares in the company, valued at approximately $4,753,144.02. The trade was a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Rosemary L. Ripley sold 2,567,006 shares of the firm's stock in a transaction dated 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 approximately $5,166,590.20. This trade represents a 48.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,582,464 shares of company stock valued at $4,950,344 over the last 90 days. Insiders own 12.55% of the company's stock.

Institutional Investors Weigh In On Zevia PBC

Large investors have recently bought and sold shares of the company. Nwam LLC acquired a new position in Zevia PBC in the 3rd quarter valued at about $39,000. Wolverine Trading LLC purchased a new stake in shares of Zevia PBC during the fourth quarter worth $39,000. Stifel Financial Corp purchased a new position in shares of Zevia PBC in the 4th quarter valued at about $42,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Zevia PBC in the 4th quarter valued at approximately $45,000. Finally, XTX Topco Ltd acquired a new stake in Zevia PBC in the third quarter valued at $50,000. 53.21% of the stock is currently owned by hedge funds and other institutional investors.

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.