Zevia PBC (ZVIA) to Release Quarterly Earnings on Wednesday

Zevia PBC (NYSE:ZVIA - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $39.49 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Zevia PBC Trading Down 6.0 %

Shares of ZVIA traded down $0.22 on Friday, reaching $3.38. 359,942 shares of the company's stock were exchanged, compared to its average volume of 775,374. The business has a 50 day moving average price of $3.91 and a two-hundred day moving average price of $2.30. Zevia PBC has a 12 month low of $0.62 and a 12 month high of $4.99. The stock has a market capitalization of $246.42 million, a P/E ratio of -8.88 and a beta of 0.65.

Analysts Set New Price Targets

A number of analysts have commented on ZVIA shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $4.00 target price on shares of Zevia PBC in a report on Tuesday, January 14th. The Goldman Sachs Group lifted their price objective on Zevia PBC from $1.15 to $3.75 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th.

Insider Activity at Zevia PBC

In other Zevia PBC news, Director Rosemary L. Ripley sold 2,567,006 shares of the business'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 completion of the transaction, the director now directly owns 2,719,258 shares of the company's stock, valued at approximately $5,166,590.20. The trade was a 48.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amy Taylor sold 11,479 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $4.74, for a total value of $54,410.46. Following the completion of the sale, the chief executive officer now owns 1,002,773 shares of the company's stock, valued at $4,753,144.02. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,582,464 shares of company stock worth $4,950,344 in the last ninety days. Company insiders own 12.55% of the company's stock.

Hedge Funds Weigh In On Zevia PBC

An institutional investor recently raised its position in Zevia PBC stock. Bank of America Corp DE raised 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 institutional investor owned 15,817 shares of the company's stock after buying an additional 15,280 shares during the quarter. Bank of America Corp DE's holdings in Zevia PBC were worth $66,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.