Zevia PBC (NYSE:ZVIA – Get Free Report) major shareholder De Depot Et Placement Caisse sold 2,150,000 shares of Zevia PBC stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1.90, for a total transaction of $4,085,000.00. Following the completion of the transaction, the insider directly owned 11,400,428 shares of the company’s stock, valued at approximately $21,660,813.20. This represents a 15.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Zevia PBC Trading Down 7.3%
Zevia PBC stock traded down $0.13 during mid-day trading on Thursday, reaching $1.60. The company’s stock had a trading volume of 1,347,753 shares, compared to its average volume of 819,766. The firm has a market cap of $122.78 million, a price-to-earnings ratio of -15.95 and a beta of 0.95. The business has a 50 day moving average price of $1.29 and a 200-day moving average price of $1.79. Zevia PBC has a twelve month low of $1.11 and a twelve month high of $3.66.
Zevia PBC (NYSE:ZVIA – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). Zevia PBC had a negative net margin of 4.11% and a negative return on equity of 13.43%. The firm had revenue of $46.09 million during the quarter, compared to the consensus estimate of $40.97 million. On average, equities analysts expect that Zevia PBC will post -0.1 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Zevia PBC
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of ZVIA. Divisadero Street Capital Management LP raised its holdings in shares of Zevia PBC by 90.6% in the third quarter. Divisadero Street Capital Management LP now owns 6,159,362 shares of the company’s stock valued at $16,753,000 after buying an additional 2,928,382 shares during the last quarter. Ghisallo Capital Management LLC increased its position in Zevia PBC by 265.1% in the third quarter. Ghisallo Capital Management LLC now owns 1,100,000 shares of the company’s stock worth $2,992,000 after purchasing an additional 798,700 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Zevia PBC in the fourth quarter worth about $4,864,000. Stoic Point Capital Management LLC acquired a new position in shares of Zevia PBC during the 1st quarter worth about $867,000. Finally, Renaissance Technologies LLC grew its position in shares of Zevia PBC by 33.3% during the 1st quarter. Renaissance Technologies LLC now owns 811,826 shares of the company’s stock worth $950,000 after buying an additional 203,000 shares during the period. 53.21% of the stock is owned by institutional investors.
About Zevia PBC
Zevia PBC, headquartered in Los Angeles, is a Public Benefit Corporation that produces zero-calorie, naturally sweetened beverages. Founded in 2007, the company went public through a merger with a special purpose acquisition company in March 2021. Zevia’s mission centers on offering healthier drink alternatives by using stevia leaf extract and other plant-based ingredients rather than sugar or artificial sweeteners.
The company’s product portfolio spans multiple categories, including carbonated sodas, sparkling water, energy drinks, mixers and flavored teas.
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