Zevia PBC (NYSE:ZVIA – Get Free Report) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $1.27 and traded as high as $1.44. Zevia PBC shares last traded at $1.3610, with a volume of 1,356,237 shares changing hands.
Wall Street Analyst Weigh In
ZVIA has been the subject of several recent research reports. Weiss Ratings upgraded shares of Zevia PBC from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, October 26th. Wall Street Zen downgraded shares of Zevia PBC from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.50.
View Our Latest Stock Report on Zevia PBC
Zevia PBC Price Performance
The business has a 50-day moving average of $1.27 and a two-hundred day moving average of $1.42. The company has a market cap of $105.27 million, a P/E ratio of -11.34 and a beta of 0.96.
Zevia PBC (NYSE:ZVIA – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $48.34 million during the quarter, compared to the consensus estimate of $44.80 million. Zevia PBC had a negative net margin of 4.79% and a negative return on equity of 15.21%. Equities analysts anticipate that Zevia PBC will post -0.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Kanen Wealth Management LLC bought a new position in shares of Zevia PBC during the 1st quarter worth approximately $1,462,000. Renaissance Technologies LLC lifted its position in Zevia PBC by 33.3% during the first quarter. Renaissance Technologies LLC now owns 811,826 shares of the company’s stock valued at $950,000 after acquiring an additional 203,000 shares during the last quarter. Squarepoint Ops LLC lifted its position in Zevia PBC by 41.1% during the second quarter. Squarepoint Ops LLC now owns 769,655 shares of the company’s stock valued at $1,255,000 after acquiring an additional 224,357 shares during the last quarter. Stoic Point Capital Management LLC purchased a new stake in Zevia PBC during the first quarter valued at approximately $867,000. Finally, Bank of New York Mellon Corp boosted its stake in Zevia PBC by 12.9% in the first quarter. Bank of New York Mellon Corp now owns 112,370 shares of the company’s stock valued at $131,000 after acquiring an additional 12,844 shares in the last quarter. Hedge funds and other institutional investors own 53.21% of the company’s stock.
About Zevia PBC
Zevia PBC is a beverage company that develops and markets zero-sugar, zero-calorie drinks made without artificial sweeteners. Its portfolio is centered on Zevia Soda, a line of naturally sweetened carbonated soft drinks available in flavors such as cola, citrus, root beer and ginger ale.
The company also offers Zevia Energy drinks and other beverage products designed for consumers seeking alternatives to traditional soft drinks. Zevia products use plant-based sweeteners, including stevia, and are generally positioned as beverages with simple ingredients and no artificial colors.
Founded in 2007, Zevia sells its products primarily in the United States and Canada through grocery stores, mass merchants, warehouse clubs, natural and specialty retailers, convenience stores, online channels and food-service distributors.
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