Insider Selling: Zevia PBC (NYSE:ZVIA) SVP Sells $18,621.72 in Stock

Zevia PBC (NYSE:ZVIA) SVP Lorna R. Simms sold 3,979 shares of Zevia PBC stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $4.68, for a total value of $18,621.72. Following the sale, the senior vice president now owns 229,014 shares in the company, valued at $1,071,785.52. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Zevia PBC Stock Down 0.4 %

Shares of NYSE ZVIA opened at $4.21 on Friday. The business’s fifty day moving average price is $3.47 and its 200-day moving average price is $1.91. Zevia PBC has a one year low of $0.62 and a one year high of $4.99.

Zevia PBC (NYSE:ZVIA) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.07. The business had revenue of $36.37 million for the quarter, compared to the consensus estimate of $38.53 million. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. During the same period in the prior year, the firm earned ($0.16) earnings per share. As a group, equities analysts anticipate that Zevia PBC will post -0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Calamos Advisors LLC bought a new position in shares of Zevia PBC in the fourth quarter worth $471,000. Wilmington Savings Fund Society FSB purchased a new stake in Zevia PBC during the 3rd quarter worth about $108,000. Renaissance Technologies LLC lifted its holdings in Zevia PBC by 128.7% during the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock worth $47,000 after purchasing an additional 39,000 shares in the last quarter. XTX Topco Ltd bought a new position in Zevia PBC in the 3rd quarter worth about $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Zevia PBC during the 2nd quarter valued at about $26,000. 53.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZVIA has been the topic of a number of recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 target price on shares of Zevia PBC in a research note on Tuesday, January 14th. The Goldman Sachs Group lifted their price objective on shares of Zevia PBC from $1.15 to $3.75 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th.

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.