Insider Selling: Zevia PBC (NYSE:ZVIA) CEO Sells 11,479 Shares of Stock

Zevia PBC (NYSE:ZVIA) 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 transaction, the chief executive officer now directly owns 1,002,773 shares in the company, valued at $4,753,144.02. The trade was a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Zevia PBC Price Performance

Shares of ZVIA stock traded down $0.23 on Thursday, hitting $4.24. The company’s stock had a trading volume of 514,842 shares, compared to its average volume of 1,158,149. Zevia PBC has a fifty-two week low of $0.62 and a fifty-two week high of $4.99. The stock has a market capitalization of $309.20 million, a price-to-earnings ratio of -11.14 and a beta of 0.66. The firm’s fifty day moving average price is $3.38 and its 200-day moving average price is $1.86.

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.07. The business had revenue of $36.37 million for the quarter, compared to the consensus estimate of $38.53 million. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. During the same quarter last year, the company posted ($0.16) earnings per share. Analysts predict that Zevia PBC will post -0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on ZVIA. The Goldman Sachs Group boosted their price target on shares of Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 target price on shares of Zevia PBC in a research note on Tuesday, January 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zevia PBC in the second quarter valued at about $26,000. Nwam LLC acquired a new position in Zevia PBC in the 3rd quarter valued at approximately $39,000. Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 39,000 shares during the period. XTX Topco Ltd acquired a new stake in shares of Zevia PBC during the 3rd quarter worth approximately $50,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Zevia PBC during the third quarter valued at approximately $108,000. Institutional investors own 53.21% of the company’s stock.

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.