Padraic L. Spence Sells 36,300 Shares of Zevia PBC (NYSE:ZVIA) Stock

Zevia PBC (NYSE:ZVIA) Director Padraic L. Spence sold 36,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1.02, for a total value of $37,026.00. Following the completion of the transaction, the director now owns 1,717,240 shares in the company, valued at approximately $1,751,584.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Zevia PBC Trading Up 10.5 %

ZVIA stock traded up $0.11 during midday trading on Thursday, hitting $1.16. 167,202 shares of the company’s stock were exchanged, compared to its average volume of 145,938. Zevia PBC has a 1-year low of $0.98 and a 1-year high of $4.80. The business has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $1.86. The stock has a market capitalization of $83.35 million, a PE ratio of -2.75 and a beta of 0.61.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Zevia PBC had a negative net margin of 12.91% and a negative return on equity of 29.55%. The firm had revenue of $37.79 million during the quarter, compared to analyst estimates of $37.75 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. As a group, research analysts expect that Zevia PBC will post -0.32 EPS for the current fiscal year.

Analyst Ratings Changes

ZVIA has been the topic of several research reports. Morgan Stanley decreased their target price on Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 price target on shares of Zevia PBC in a report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new position in Zevia PBC in the second quarter valued at $27,000. California State Teachers Retirement System purchased a new position in Zevia PBC in the second quarter valued at $36,000. Wells Fargo & Company MN boosted its holdings in Zevia PBC by 341.1% in the second quarter. Wells Fargo & Company MN now owns 12,660 shares of the company’s stock valued at $55,000 after purchasing an additional 9,790 shares during the period. Barclays PLC lifted its holdings in Zevia PBC by 170.3% during the 4th quarter. Barclays PLC now owns 12,717 shares of the company’s stock worth $52,000 after buying an additional 8,012 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in Zevia PBC by 70.0% during the 1st quarter. Penserra Capital Management LLC now owns 13,296 shares of the company’s stock worth $60,000 after buying an additional 5,476 shares during the last quarter. 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.