Abacus Planning Group Inc. Takes $57,000 Position in Zevia PBC (NYSE:ZVIA)

Abacus Planning Group Inc. acquired a new position in shares of Zevia PBC (NYSE:ZVIA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,661 shares of the company’s stock, valued at approximately $57,000.

Several other hedge funds have also bought and sold shares of ZVIA. Calamos Advisors LLC bought a new stake in Zevia PBC during the fourth quarter worth about $471,000. Wilmington Savings Fund Society FSB purchased a new position in Zevia PBC in the third quarter worth about $108,000. XTX Topco Ltd purchased a new position in Zevia PBC in the third quarter worth about $50,000. Nwam LLC purchased a new position in Zevia PBC in the third quarter worth about $39,000. Finally, ORG Wealth Partners LLC purchased a new position in Zevia PBC in the fourth quarter worth about $129,000. Institutional investors own 53.21% of the company’s stock.

Insider Activity

In other news, CEO Amy Taylor sold 11,479 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,002,773 shares of the company’s stock, valued at $4,753,144.02. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rosemary L. Ripley sold 2,567,006 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $1.90, for a total transaction of $4,877,311.40. Following the transaction, the director now directly owns 2,719,258 shares of the company’s stock, valued at $5,166,590.20. The trade was a 48.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,582,464 shares of company stock valued at $4,950,344 over the last three months. Insiders own 12.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ZVIA shares. The Goldman Sachs Group lifted their target price on shares of Zevia PBC from $1.15 to $3.75 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $4.00 target price on shares of Zevia PBC in a report on Tuesday, January 14th.

Zevia PBC Price Performance

ZVIA opened at $3.67 on Thursday. The firm has a 50 day moving average price of $3.90 and a 200-day moving average price of $2.28. Zevia PBC has a twelve month low of $0.62 and a twelve month high of $4.99.

Zevia PBC 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.