Zevia PBC (NYSE:ZVIA) Receives Consensus Rating of “Hold” from Analysts

Zevia PBC (NYSE:ZVIAGet Free Report) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $4.4250.

Separately, Weiss Ratings raised Zevia PBC from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 17th.

Check Out Our Latest Stock Analysis on Zevia PBC

Zevia PBC Price Performance

Shares of NYSE ZVIA opened at $1.72 on Thursday. The business has a 50-day moving average of $1.57 and a two-hundred day moving average of $1.49. The company has a market capitalization of $132.02 million, a price-to-earnings ratio of -17.15 and a beta of 0.99. Zevia PBC has a 1 year low of $1.11 and a 1 year high of $3.63.

Zevia PBC (NYSE:ZVIAGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). Zevia PBC had a negative return on equity of 13.43% and a negative net margin of 4.11%.The business had revenue of $45.00 million for the quarter, compared to the consensus estimate of $44.21 million. As a group, equities research analysts expect that Zevia PBC will post -0.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder De Depot Et Placement D. Caisse sold 2,150,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1.90, for a total transaction of $4,085,000.00. Following the completion of the sale, the insider owned 11,400,428 shares in the company, valued at approximately $21,660,813.20. The trade was a 15.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On Zevia PBC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jefferies Financial Group Inc. acquired a new position in Zevia PBC in the fourth quarter valued at $4,864,000. Vanguard Group Inc. increased its position in shares of Zevia PBC by 4.8% during the third quarter. Vanguard Group Inc. now owns 1,966,289 shares of the company’s stock worth $5,348,000 after purchasing an additional 89,810 shares in the last quarter. Kanen Wealth Management LLC acquired a new stake in shares of Zevia PBC during the first quarter worth about $1,462,000. Geode Capital Management LLC lifted its holdings in shares of Zevia PBC by 29.3% in the 4th quarter. Geode Capital Management LLC now owns 1,023,391 shares of the company’s stock valued at $2,375,000 after purchasing an additional 231,965 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Zevia PBC by 33.3% in the 1st quarter. Renaissance Technologies LLC now owns 811,826 shares of the company’s stock valued at $950,000 after purchasing an additional 203,000 shares during the last quarter. 53.21% of the stock is currently owned by institutional investors and hedge funds.

Zevia PBC Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Zevia PBC (NYSE:ZVIA)

Receive News & Ratings for Zevia PBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zevia PBC and related companies with MarketBeat.com's FREE daily email newsletter.