Wilmington Savings Fund Society FSB Invests $108,000 in Zevia PBC (NYSE:ZVIA)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Zevia PBC (NYSE:ZVIA) during the third quarter, Holdings Channel.com reports. The fund purchased 99,624 shares of the company’s stock, valued at approximately $108,000.

A number of other large investors also recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of Zevia PBC in the third quarter valued at $50,000. Nwam LLC purchased a new stake in Zevia PBC in the 3rd quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zevia PBC in the 2nd quarter worth about $26,000. Finally, Renaissance Technologies LLC raised its stake in Zevia PBC by 128.7% in the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock valued at $47,000 after acquiring an additional 39,000 shares during the period. 53.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 target price on shares of Zevia PBC in a research report on Monday, November 4th.

Zevia PBC Price Performance

Zevia PBC stock opened at $3.18 on Friday. The firm has a market capitalization of $232.18 million, a P/E ratio of -8.37 and a beta of 1.02. Zevia PBC has a one year low of $0.62 and a one year high of $3.75. The business has a fifty day moving average price of $2.01 and a 200-day moving average price of $1.31.

Zevia PBC (NYSE:ZVIA) last issued its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.07. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. The business had revenue of $36.37 million during the quarter, compared to the consensus estimate of $38.53 million. During the same quarter last year, the company earned ($0.16) EPS. Sell-side analysts expect that Zevia PBC will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Zevia PBC

In related news, major shareholder White Pine Llc sold 26,510 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $1.18, for a total value of $31,281.80. Following the transaction, the insider now directly owns 1,577,628 shares in the company, valued at approximately $1,861,601.04. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rosemary L. Ripley sold 2,567,006 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $1.90, for a total transaction 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. This represents a 48.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,598,533 shares of company stock valued at $4,913,861 in the last three months. Company insiders own 12.55% 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.