Marshall Wace LLP Makes New Investment in Zevia PBC (NYSE:ZVIA)

Marshall Wace LLP acquired a new stake in shares of Zevia PBC (NYSE:ZVIA) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 204,800 shares of the company’s stock, valued at approximately $858,000.

Several other institutional investors have also recently modified their holdings of ZVIA. Geode Capital Management LLC boosted its stake in Zevia PBC by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 539,652 shares of the company’s stock worth $2,262,000 after buying an additional 3,177 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Zevia PBC in the 4th quarter worth approximately $57,000. Abacus Planning Group Inc. bought a new stake in shares of Zevia PBC in the 4th quarter worth approximately $57,000. Spire Wealth Management purchased a new stake in shares of Zevia PBC in the 4th quarter valued at $101,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Zevia PBC during the 4th quarter valued at $129,000. 53.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ZVIA shares. The Goldman Sachs Group raised their price objective 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 decreased their price target on Zevia PBC from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th.

Zevia PBC Stock Performance

ZVIA stock opened at $2.26 on Thursday. The stock has a market capitalization of $166.13 million, a price-to-earnings ratio of -5.95 and a beta of 0.77. The firm’s 50-day moving average price is $2.27 and its two-hundred day moving average price is $2.72. Zevia PBC has a 12-month low of $0.62 and a 12-month 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.