Insider Selling: Zevia PBC (NYSE:ZVIA) Major Shareholder Sells $31,281.80 in Stock

Zevia PBC (NYSE:ZVIA) major shareholder White Pine Llc sold 26,510 shares of Zevia PBC stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $1.18, for a total transaction of $31,281.80. Following the completion of the transaction, the insider now directly owns 1,577,628 shares in the company, valued at $1,861,601.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Zevia PBC Stock Performance

Shares of NYSE:ZVIA opened at $1.05 on Thursday. The company has a market cap of $76.35 million, a PE ratio of -2.19 and a beta of 0.66. Zevia PBC has a 52 week low of $0.62 and a 52 week high of $2.42. The firm has a 50 day simple moving average of $1.02 and a 200 day simple moving average of $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 the consensus estimate of ($0.13) by $0.04. The business had revenue of $40.43 million during the quarter, compared to the consensus estimate of $39.59 million. Zevia PBC had a negative net margin of 16.98% and a negative return on equity of 44.31%. During the same quarter in the prior year, the firm earned ($0.08) EPS. On average, equities analysts predict that Zevia PBC will post -0.36 earnings per share for the current year.

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 stake in Zevia PBC (NYSE:ZVIA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 39,030 shares of the company’s stock, valued at approximately $26,000. Point72 Asia Singapore Pte. Ltd. owned approximately 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.

About Zevia PBC

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.