Zevia PBC (NYSE:ZVIA) Trading Down 5.2%

Zevia PBC (NYSE:ZVIA) fell 5.2% on Wednesday . The company traded as low as $12.01 and last traded at $12.03. 5,049 shares were traded during trading, a decline of 99% from the average session volume of 351,387 shares. The stock had previously closed at $12.69.

ZVIA has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Zevia PBC in a report on Monday, August 16th. They set an “equal weight” rating and a $14.50 price target on the stock. Stephens initiated coverage on shares of Zevia PBC in a report on Monday, August 16th. They set an “overweight” rating and a $19.00 price target on the stock. BMO Capital Markets initiated coverage on shares of Zevia PBC in a report on Monday, August 16th. They set an “outperform” rating and a $24.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Zevia PBC in a report on Monday, August 16th. They set an “overweight” rating and a $16.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Zevia PBC in a report on Monday, August 16th. They set a “buy” rating and a $28.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $19.25.

About Zevia PBC (NYSE:ZVIA)

Zevia PBC focused on addressing health challenges resulting from excess sugar consumption by offering a portfolio of zero sugar, zero calorie, naturally sweetened beverages. Zevia PBC is based in LOS ANGELES.

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