Sapient Capital LLC Makes New Investment in Zevia PBC (NYSE:ZVIA)

Sapient Capital LLC acquired a new stake in shares of Zevia PBC (NYSE:ZVIA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 60,900 shares of the company’s stock, valued at approximately $122,000.

Separately, Kennedy Capital Management LLC boosted its holdings in shares of Zevia PBC by 51.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 645,041 shares of the company’s stock valued at $1,432,000 after buying an additional 219,932 shares in the last quarter. Institutional investors own 53.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ZVIA. Telsey Advisory Group reissued a “market perform” rating and set a $4.00 target price on shares of Zevia PBC in a research report on Wednesday, February 21st. Morgan Stanley decreased their price objective on Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.17.

Insider Activity

In related news, CEO Amy Taylor sold 30,703 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $1.02, for a total transaction of $31,317.06. Following the sale, the chief executive officer now directly owns 959,252 shares of the company’s stock, valued at $978,437.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Padraic L. Spence sold 36,300 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $1.02, for a total transaction of $37,026.00. Following the completion of the transaction, the director now directly owns 1,717,240 shares of the company’s stock, valued at approximately $1,751,584.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Amy Taylor sold 30,703 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $1.02, for a total transaction of $31,317.06. Following the completion of the sale, the chief executive officer now directly owns 959,252 shares of the company’s stock, valued at approximately $978,437.04. The disclosure for this sale can be found here. Insiders sold a total of 103,937 shares of company stock valued at $114,160 in the last quarter. 12.55% of the stock is currently owned by company insiders.

Zevia PBC Stock Down 17.5 %

Shares of NYSE:ZVIA opened at $0.86 on Thursday. Zevia PBC has a 52-week low of $0.78 and a 52-week high of $4.80. The stock has a market cap of $61.65 million, a price-to-earnings ratio of -2.04 and a beta of 0.66. The business has a 50-day moving average price of $1.10 and a 200-day moving average price of $1.60.

Zevia PBC (NYSE:ZVIA) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The business had revenue of $37.79 million for the quarter, compared to analysts’ expectations of $37.75 million. Zevia PBC had a negative return on equity of 29.55% and a negative net margin of 12.91%. During the same period in the prior year, the business posted ($0.10) earnings per share. As a group, equities analysts anticipate that Zevia PBC will post -0.32 EPS for the current fiscal year.

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.