39,030 Shares in Zevia PBC (NYSE:ZVIA) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zevia PBC (NYSE:ZVIA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,030 shares of the company’s stock, valued at approximately $26,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.05% of Zevia PBC at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC raised its holdings in Zevia PBC by 128.7% during the second 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. 53.21% of the stock is owned by institutional investors and hedge funds.

Zevia PBC Trading Down 4.6 %

Shares of Zevia PBC stock opened at $1.03 on Wednesday. The company has a fifty day simple moving average of $1.01 and a 200-day simple moving average of $0.95. The stock has a market cap of $74.89 million, a price-to-earnings ratio of -2.15 and a beta of 0.66. Zevia PBC has a 12-month low of $0.62 and a 12-month high of $2.42.

Zevia PBC (NYSE:ZVIA) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. Zevia PBC had a negative net margin of 16.98% and a negative return on equity of 44.31%. The company had revenue of $40.43 million during the quarter, compared to the consensus estimate of $39.59 million. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. On average, analysts forecast that Zevia PBC will post -0.36 earnings per share for the current fiscal year.

Insider Activity at Zevia PBC

In other Zevia PBC news, major shareholder White Pine Llc sold 26,510 shares of Zevia PBC stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $1.18, for a total transaction of $31,281.80. Following the transaction, the insider now owns 1,577,628 shares of the company’s stock, valued at $1,861,601.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 12.55% of the company’s stock.

Zevia PBC 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.