Telsey Advisory Group Reaffirms Market Perform Rating for Zevia PBC (NYSE:ZVIA)

Zevia PBC (NYSE:ZVIA)‘s stock had its “market perform” rating reiterated by Telsey Advisory Group in a report released on Monday, Benzinga reports. They currently have a $2.00 target price on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 83.49% from the company’s previous close.

Zevia PBC Price Performance

Shares of NYSE ZVIA opened at $1.09 on Monday. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $2.42. The firm has a fifty day moving average price of $1.09 and a 200-day moving average price of $0.95. The stock has a market cap of $79.25 million, a PE ratio of -2.16 and a beta of 0.64.

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. The business had revenue of $40.43 million for the quarter, compared to analysts’ expectations of $39.59 million. Zevia PBC had a negative net margin of 16.98% and a negative return on equity of 44.31%. During the same quarter in the previous year, the company earned ($0.08) EPS. On average, research analysts expect that Zevia PBC will post -0.36 EPS for the current year.

Insider Transactions at Zevia PBC

In related news, major shareholder White Pine Llc sold 26,510 shares of Zevia PBC stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $1.18, for a total transaction of $31,281.80. Following the completion of the transaction, the insider now directly owns 1,577,628 shares of the company’s stock, valued at approximately $1,861,601.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.55% of the company’s stock.

Institutional Investors Weigh In On Zevia PBC

An institutional investor recently bought a new position in Zevia PBC stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zevia PBC (NYSE:ZVIA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.