Tectonic Advisors LLC Invests $315,000 in Zevia PBC $ZVIA

Tectonic Advisors LLC acquired a new position in Zevia PBC (NYSE:ZVIA) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 97,777 shares of the company’s stock, valued at approximately $315,000. Tectonic Advisors LLC owned 0.13% of Zevia PBC as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. DKM Wealth Management Inc. bought a new position in shares of Zevia PBC in the second quarter worth about $42,000. Kapitalo Investimentos Ltda bought a new position in shares of Zevia PBC in the second quarter worth about $467,000. Acadian Asset Management LLC boosted its stake in shares of Zevia PBC by 950.8% in the first quarter. Acadian Asset Management LLC now owns 607,303 shares of the company’s stock worth $1,309,000 after acquiring an additional 549,508 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Zevia PBC in the first quarter worth about $187,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Zevia PBC by 2,701.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 544,099 shares of the company’s stock valued at $1,175,000 after buying an additional 524,675 shares during the last quarter. Institutional investors own 53.21% of the company’s stock.

Zevia PBC Price Performance

NYSE:ZVIA opened at $2.29 on Friday. The firm has a market capitalization of $171.64 million, a price-to-earnings ratio of -10.41 and a beta of 0.88. Zevia PBC has a 1 year low of $0.96 and a 1 year high of $4.99. The business has a 50 day simple moving average of $2.70 and a 200-day simple moving average of $2.72.

Zevia PBC (NYSE:ZVIA) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $44.52 million during the quarter, compared to analyst estimates of $41.63 million. Zevia PBC had a negative return on equity of 27.86% and a negative net margin of 8.97%. As a group, analysts expect that Zevia PBC will post -0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on ZVIA shares. Zacks Research raised Zevia PBC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Morgan Stanley increased their price target on Zevia PBC from $2.50 to $2.70 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. BMO Capital Markets increased their price target on Zevia PBC from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Telsey Advisory Group increased their price target on Zevia PBC from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, August 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Zevia PBC in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.61.

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.