XTX Topco Ltd Sells 9,072 Shares of Zevia PBC (NYSE:ZVIA)

XTX Topco Ltd cut its stake in shares of Zevia PBC (NYSE:ZVIA) by 19.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 37,272 shares of the company’s stock after selling 9,072 shares during the quarter. XTX Topco Ltd’s holdings in Zevia PBC were worth $156,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ZVIA. Russell Investments Group Ltd. acquired a new position in shares of Zevia PBC during the fourth quarter worth $596,000. Calamos Advisors LLC acquired a new stake in Zevia PBC in the fourth quarter valued at $471,000. Wilmington Savings Fund Society FSB acquired a new stake in Zevia PBC in the third quarter valued at $108,000. Emerald Advisers LLC acquired a new stake in Zevia PBC in the fourth quarter valued at $228,000. Finally, Renaissance Technologies LLC increased its holdings in Zevia PBC by 51.6% in the fourth quarter. Renaissance Technologies LLC now owns 150,726 shares of the company’s stock valued at $632,000 after purchasing an additional 51,300 shares during the period. 53.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. The Goldman Sachs Group increased their price objective on Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Telsey Advisory Group decreased their price target on Zevia PBC from $4.00 to $3.00 and set a “market perform” rating for the company in a report on Thursday, February 27th.

Zevia PBC Price Performance

ZVIA stock opened at $2.31 on Tuesday. The stock has a market capitalization of $169.81 million, a PE ratio of -6.08 and a beta of 0.77. The company’s 50-day moving average is $2.32 and its 200-day moving average is $2.72. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $4.99.

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.