Zevia PBC (NYSE:ZVIA) Releases Quarterly Earnings Results, Hits Expectations

Zevia PBC (NYSE:ZVIA) issued its quarterly earnings data on Wednesday. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.07), Zacks reports. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. Zevia PBC updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Zevia PBC Stock Performance

Zevia PBC stock traded down $0.93 during midday trading on Wednesday, reaching $2.33. 995,851 shares of the company were exchanged, compared to its average volume of 769,843. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $4.99. The company has a market capitalization of $170.12 million, a price-to-earnings ratio of -6.16 and a beta of 0.65. The firm’s 50-day simple moving average is $3.91 and its 200-day simple moving average is $2.36.

Insider Buying and Selling

In other news, Director Rosemary L. Ripley sold 2,567,006 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $1.90, for a total transaction of $4,877,311.40. Following the completion of the sale, the director now owns 2,719,258 shares in the company, valued at approximately $5,166,590.20. The trade was a 48.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amy Taylor sold 11,479 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $4.74, for a total value of $54,410.46. Following the completion of the sale, the chief executive officer now owns 1,002,773 shares of the company’s stock, valued at approximately $4,753,144.02. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,582,464 shares of company stock worth $4,950,344. 12.55% of the stock is owned by insiders.

Institutional Investors Weigh In On Zevia PBC

A hedge fund recently raised its stake in Zevia PBC stock. Bank of America Corp DE boosted its holdings in Zevia PBC (NYSE:ZVIA) by 2,845.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,817 shares of the company’s stock after acquiring an additional 15,280 shares during the quarter. Bank of America Corp DE’s holdings in Zevia PBC were worth $66,000 as of its most recent SEC filing. Institutional investors own 53.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ZVIA shares. The Goldman Sachs Group upped their price target on Zevia PBC from $1.15 to $3.75 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 price target on shares of Zevia PBC in a report on Tuesday, January 14th.

About Zevia PBC

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.