Zevia PBC (ZVIA) Projected to Post Quarterly Earnings on Wednesday

Zevia PBC (NYSE:ZVIA) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $39.49 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Zevia PBC Price Performance

Zevia PBC stock opened at $3.38 on Monday. Zevia PBC has a 12-month low of $0.62 and a 12-month high of $4.99. The stock has a market capitalization of $246.41 million, a P/E ratio of -8.88 and a beta of 0.65. The firm’s 50-day moving average is $3.91 and its two-hundred day moving average is $2.32.

Insider Transactions at Zevia PBC

In related news, Director Rosemary L. Ripley sold 2,567,006 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $1.90, for a total value of $4,877,311.40. Following the transaction, the director now owns 2,719,258 shares in the company, valued at approximately $5,166,590.20. This trade represents a 48.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Amy Taylor sold 11,479 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $4.74, for a total transaction of $54,410.46. Following the completion of the transaction, the chief executive officer now owns 1,002,773 shares in the company, valued at $4,753,144.02. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,582,464 shares of company stock worth $4,950,344 in the last three months. Company insiders own 12.55% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Zevia PBC stock. Bank of America Corp DE lifted its stake in shares of Zevia PBC (NYSE:ZVIA) by 2,845.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,817 shares of the company’s stock after buying an additional 15,280 shares during the quarter. Bank of America Corp DE’s holdings in Zevia PBC were worth $66,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 53.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ZVIA shares. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price objective on shares of Zevia PBC in a report on Tuesday, January 14th. The Goldman Sachs Group increased their price objective on shares of Zevia PBC from $1.15 to $3.75 and gave the stock a “neutral” rating in a report on Tuesday, January 14th.

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.