Calamos Advisors LLC Buys Shares of 112,428 Zevia PBC (NYSE:ZVIA)

Calamos Advisors LLC acquired a new stake in shares of Zevia PBC (NYSE:ZVIA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 112,428 shares of the company’s stock, valued at approximately $471,000. Calamos Advisors LLC owned 0.15% of Zevia PBC as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Nwam LLC purchased a new position in shares of Zevia PBC in the 3rd quarter valued at $39,000. Renaissance Technologies LLC grew its stake in Zevia PBC by 128.7% in the second quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock valued at $47,000 after purchasing an additional 39,000 shares during the last quarter. XTX Topco Ltd purchased a new position in Zevia PBC in the third quarter valued at about $50,000. Spire Wealth Management purchased a new position in Zevia PBC in the fourth quarter valued at about $101,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Zevia PBC during the 3rd quarter worth approximately $108,000. 53.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZVIA has been the subject of several recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price objective on shares of Zevia PBC in a research note on Tuesday, January 14th. The Goldman Sachs Group upped their target price on Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a research report on Tuesday, January 14th.

Insider Activity at Zevia PBC

In other Zevia PBC news, Director Rosemary L. Ripley sold 2,567,006 shares of the company’s stock in a transaction 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 sale, the director now directly owns 2,719,258 shares of the company’s stock, valued at approximately $5,166,590.20. This represents a 48.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amy Taylor sold 11,479 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 1,002,773 shares in the company, valued at approximately $4,753,144.02. The trade was a 1.13 % decrease in their ownership of the stock. 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 over the last quarter. Insiders own 12.55% of the company’s stock.

Zevia PBC Trading Down 3.5 %

NYSE:ZVIA opened at $3.65 on Thursday. The company has a market cap of $266.34 million, a PE ratio of -9.60 and a beta of 0.65. Zevia PBC has a twelve month low of $0.62 and a twelve month high of $4.99. The company’s 50 day moving average is $3.77 and its two-hundred day moving average is $2.09.

Zevia PBC (NYSE:ZVIA) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.07. The firm had revenue of $36.37 million for the quarter, compared to the consensus estimate of $38.53 million. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. During the same period in the prior year, the firm earned ($0.16) EPS. As a group, analysts expect that Zevia PBC will post -0.31 EPS for the current fiscal year.

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.