Zevia PBC (NYSE:ZVIA) Given Average Rating of “Hold” by Analysts

Shares of Zevia PBC (NYSE:ZVIA) have been given an average rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $3.21.

A number of brokerages have recently commented on ZVIA. The Goldman Sachs Group reduced their target price on shares of Zevia PBC from $3.00 to $1.25 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Telsey Advisory Group reduced their target price on shares of Zevia PBC from $3.00 to $2.00 and set a “market perform” rating for the company in a research report on Thursday, May 9th. Finally, Wells Fargo & Company reduced their target price on shares of Zevia PBC from $1.25 to $1.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th.

Insider Buying and Selling

In related news, CEO Amy Taylor bought 55,000 shares of the stock in a transaction on Friday, May 10th. The stock was bought at an average price of $0.89 per share, with a total value of $48,950.00. Following the completion of the purchase, the chief executive officer now directly owns 1,014,252 shares in the company, valued at approximately $902,684.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zevia PBC stock. Sapient Capital LLC acquired a new stake in Zevia PBC (NYSE:ZVIA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,300 shares of the company’s stock, valued at approximately $41,000. Institutional investors own 53.21% of the company’s stock.

Zevia PBC Stock Performance

Shares of NYSE ZVIA opened at $0.68 on Friday. The company has a market capitalization of $48.82 million, a PE ratio of -1.41 and a beta of 0.67. Zevia PBC has a 1 year low of $0.67 and a 1 year high of $4.51. The company’s fifty day moving average price is $0.89 and its 200 day moving average price is $1.31.

Zevia PBC (NYSE:ZVIA) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $38.80 million for the quarter, compared to the consensus estimate of $39.82 million. Zevia PBC had a negative net margin of 15.58% and a negative return on equity of 37.98%. During the same period last year, the firm posted ($0.04) earnings per share. On average, equities analysts expect that Zevia PBC will post -0.37 EPS for the current year.

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.