Zevia PBC’s (ZVIA) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Zevia PBC (NYSE:ZVIA) in a research note released on Monday, Benzinga reports. The brokerage currently has a $2.00 target price on the stock.

Zevia PBC Price Performance

Shares of ZVIA opened at $1.09 on Monday. The stock has a market cap of $79.25 million, a PE ratio of -2.18 and a beta of 0.64. Zevia PBC has a 12 month low of $0.62 and a 12 month high of $2.42. The stock’s 50-day moving average is $1.09 and its two-hundred day moving average is $0.95.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Zevia PBC had a negative return on equity of 44.31% and a negative net margin of 16.98%. The firm had revenue of $40.43 million during the quarter, compared to the consensus estimate of $39.59 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. On average, research analysts anticipate that Zevia PBC will post -0.36 earnings per share for the current year.

Insider Transactions at Zevia PBC

In other news, major shareholder White Pine Llc sold 26,510 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $1.18, for a total transaction of $31,281.80. Following the transaction, the insider now owns 1,577,628 shares of the company’s stock, valued at approximately $1,861,601.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.55% of the company’s stock.

Institutional Investors Weigh In On Zevia PBC

A hedge fund recently bought a new stake in Zevia PBC stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zevia PBC (NYSE:ZVIA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 39,030 shares of the company’s stock, valued at approximately $26,000. Point72 Asia Singapore Pte. Ltd. owned about 0.05% of Zevia PBC as of its most recent filing with the Securities and Exchange Commission. 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.