SBI Securities Co. Ltd. Makes New Investment in Zevia PBC (NYSE:ZVIA)

SBI Securities Co. Ltd. purchased a new stake in shares of Zevia PBC (NYSE:ZVIA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,564 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds have also made changes to their positions in the company. Nwam LLC acquired a new position in Zevia PBC in the 3rd quarter valued at approximately $39,000. XTX Topco Ltd purchased a new position in shares of Zevia PBC during the 3rd quarter valued at $50,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Zevia PBC in the third quarter worth $108,000. ORG Wealth Partners LLC purchased a new stake in shares of Zevia PBC during the fourth quarter worth $129,000. Finally, Spire Wealth Management acquired a new stake in Zevia PBC during the fourth quarter valued at $101,000. Hedge funds and other institutional investors own 53.21% of the company’s stock.

Analysts Set New Price Targets

ZVIA has been the subject of several recent research reports. Telsey Advisory Group decreased their target price on shares of Zevia PBC from $4.00 to $3.00 and set a “market perform” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group lifted their price objective on shares of Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a research note on Tuesday, January 14th.

Insider Buying and Selling at Zevia PBC

In other Zevia PBC news, CEO Amy Taylor sold 11,479 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $4.74, for a total transaction of $54,410.46. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.55% of the company’s stock.

Zevia PBC Price Performance

Zevia PBC stock opened at $2.13 on Tuesday. The business has a 50 day simple moving average of $3.70 and a 200 day simple moving average of $2.44. The company has a market capitalization of $155.15 million, a PE ratio of -5.59 and a beta of 0.74. Zevia PBC has a one year low of $0.62 and a one year high of $4.99.

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.