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

Zevia PBC (NYSE:ZVIA) is expected to be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect Zevia PBC to post earnings of ($0.07) per share and revenue of $39.49 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Zevia PBC Stock Performance

ZVIA stock opened at $3.38 on Monday. The stock has a market capitalization of $246.41 million, a price-to-earnings ratio of -8.88 and a beta of 0.65. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $4.99. The stock’s fifty day moving average is $3.91 and its two-hundred day moving average is $2.32.

Insider Buying and Selling

In related news, Director Rosemary L. Ripley sold 2,567,006 shares of Zevia PBC stock in a transaction dated Thursday, December 5th. The stock was 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 of the company’s stock, valued at approximately $5,166,590.20. This trade represents a 48.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amy Taylor sold 11,479 shares of Zevia PBC stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $4.74, for a total value of $54,410.46. Following the completion of the transaction, the chief executive officer now directly owns 1,002,773 shares in the company, valued at $4,753,144.02. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,582,464 shares of company stock valued at $4,950,344. 12.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zevia PBC

An institutional investor recently raised its position in Zevia PBC stock. Bank of America Corp DE raised its holdings in shares of Zevia PBC (NYSE:ZVIA) by 2,845.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,817 shares of the company’s stock after acquiring an additional 15,280 shares during the quarter. Bank of America Corp DE’s holdings in Zevia PBC were worth $66,000 at the end of the most recent quarter. Institutional investors own 53.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ZVIA shares. The Goldman Sachs Group raised their target price on Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 target price on shares of Zevia PBC in a research note 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.