Zevia PBC (NYSE:ZVIA) Receives $4.17 Consensus Target Price from Analysts

Zevia PBC (NYSE:ZVIA) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $4.17.

ZVIA has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 28th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $4.00 price objective on shares of Zevia PBC in a research report on Wednesday, February 21st.

Zevia PBC Price Performance

Shares of NYSE ZVIA opened at $0.96 on Tuesday. The company has a 50 day simple moving average of $1.30 and a 200 day simple moving average of $1.71. The firm has a market cap of $68.98 million, a PE ratio of -2.29 and a beta of 0.56. Zevia PBC has a 1 year low of $0.94 and a 1 year high of $4.80.

Zevia PBC (NYSE:ZVIA) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). Zevia PBC had a negative return on equity of 29.55% and a negative net margin of 12.91%. The firm had revenue of $37.79 million for the quarter, compared to the consensus estimate of $37.75 million. During the same quarter in the previous year, the business posted ($0.10) EPS. As a group, research analysts anticipate that Zevia PBC will post -0.32 earnings per share for the current fiscal year.

Insider Transactions at Zevia PBC

In other Zevia PBC news, CEO Amy Taylor sold 30,703 shares of Zevia PBC stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $1.02, for a total transaction of $31,317.06. Following the completion of the transaction, the chief executive officer now owns 959,252 shares of the company’s stock, valued at approximately $978,437.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zevia PBC news, Director Padraic L. Spence sold 36,300 shares of Zevia PBC stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $1.02, for a total transaction of $37,026.00. Following the completion of the transaction, the director now owns 1,717,240 shares of the company’s stock, valued at approximately $1,751,584.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amy Taylor sold 30,703 shares of Zevia PBC stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $1.02, for a total value of $31,317.06. Following the transaction, the chief executive officer now directly owns 959,252 shares of the company’s stock, valued at approximately $978,437.04. The disclosure for this sale can be found here. Insiders have sold 122,700 shares of company stock worth $146,828 in the last ninety days. Company insiders own 11.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ZVIA. Bank of New York Mellon Corp grew its holdings in shares of Zevia PBC by 23.3% during the first quarter. Bank of New York Mellon Corp now owns 31,328 shares of the company’s stock worth $144,000 after purchasing an additional 5,929 shares in the last quarter. BlackRock Inc. boosted its stake in Zevia PBC by 3.6% in the first quarter. BlackRock Inc. now owns 499,708 shares of the company’s stock worth $2,284,000 after buying an additional 17,394 shares in the last quarter. Vanguard Group Inc. boosted its stake in Zevia PBC by 1.3% in the first quarter. Vanguard Group Inc. now owns 533,976 shares of the company’s stock worth $2,441,000 after buying an additional 7,077 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Zevia PBC by 70.0% in the first quarter. Penserra Capital Management LLC now owns 13,296 shares of the company’s stock worth $60,000 after buying an additional 5,476 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Zevia PBC by 92.8% in the first quarter. Renaissance Technologies LLC now owns 158,297 shares of the company’s stock worth $723,000 after buying an additional 76,174 shares in the last quarter. Hedge funds and other institutional investors own 53.21% of the company’s stock.

Zevia PBC Company Profile

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.