Zevia PBC (NYSE:ZVIA) CEO Amy Taylor Sells 11,479 Shares

Zevia PBC (NYSE:ZVIA) CEO Amy Taylor sold 11,479 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was 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 of the company’s stock, valued at approximately $4,753,144.02. This trade represents a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Zevia PBC Stock Down 5.0 %

Shares of ZVIA opened at $4.24 on Friday. The firm’s 50 day moving average is $3.43 and its 200-day moving average is $1.88. Zevia PBC has a 12-month low of $0.62 and a 12-month high of $4.99.

Zevia PBC (NYSE:ZVIA) last posted its quarterly 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. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. The company had revenue of $36.37 million for the quarter, compared to analysts’ expectations of $38.53 million. During the same quarter in the prior year, the company earned ($0.16) earnings per share. On average, research analysts anticipate that Zevia PBC will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Zevia PBC

Several hedge funds have recently modified their holdings of ZVIA. ORG Wealth Partners LLC purchased a new position in Zevia PBC in the 4th quarter worth about $129,000. Nwam LLC purchased a new position in shares of Zevia PBC in the third quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zevia PBC during the second quarter valued at approximately $26,000. XTX Topco Ltd purchased a new stake in shares of Zevia PBC in the 3rd quarter valued at approximately $50,000. Finally, Renaissance Technologies LLC boosted its stake in Zevia PBC by 128.7% in the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock worth $47,000 after purchasing an additional 39,000 shares during the period. 53.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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