Zevia PBC (NYSE:ZVIA – Get Free Report)‘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 – Get Free Report) 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
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 – Free Report) 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.
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