Zevia PBC (NYSE:ZVIA) Trading 4.9% Higher - Here's Why

Zevia PBC (NYSE:ZVIA - Get Free Report) traded up 4.9% during trading on Monday . The stock traded as high as $2.38 and last traded at $2.35. 286,495 shares were traded during trading, a decline of 35% from the average session volume of 441,846 shares. The stock had previously closed at $2.24.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Zevia PBC from $1.15 to $3.75 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Telsey Advisory Group dropped their target price on shares of Zevia PBC from $4.00 to $3.00 and set a "market perform" rating for the company in a report on Thursday, February 27th.

Zevia PBC Price Performance

The firm has a market cap of $168.70 million, a PE ratio of -6.04 and a beta of 0.77. The business has a 50-day moving average price of $2.47 and a two-hundred day moving average price of $2.64.

Insider Buying and Selling at Zevia PBC

In other news, CEO Amy Taylor sold 11,479 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $4.74, for a total value of $54,410.46. Following the sale, the chief executive officer now directly owns 1,002,773 shares in the company, valued at $4,753,144.02. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zevia PBC

A number of institutional investors and hedge funds have recently bought and sold shares of ZVIA. ArrowMark Colorado Holdings LLC purchased a new position in Zevia PBC during the fourth quarter worth $4,190,000. Silvercrest Asset Management Group LLC increased its position in Zevia PBC by 87.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,323,885 shares of the company's stock worth $5,547,000 after purchasing an additional 616,244 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in Zevia PBC during the 4th quarter worth about $1,245,000. Soviero Asset Management LP acquired a new position in Zevia PBC in the 4th quarter valued at about $880,000. Finally, Marshall Wace LLP purchased a new position in Zevia PBC in the 4th quarter valued at about $858,000. Hedge funds and other institutional investors own 53.21% of the company's stock.

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.