Girish Satya Sells 41,662 Shares of Zevia PBC (NYSE:ZVIA) Stock

Zevia PBC (NYSE:ZVIA) CFO Girish Satya sold 41,662 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $1.18, for a total value of $49,161.16. Following the sale, the chief financial officer directly owned 327,909 shares in the company, valued at approximately $386,932.62. This represents a 11.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Zevia PBC Price Performance

NYSE:ZVIA opened at $1.13 on Monday. The business’s 50-day simple moving average is $1.55 and its 200-day simple moving average is $2.11. Zevia PBC has a fifty-two week low of $1.11 and a fifty-two week high of $3.66. The stock has a market capitalization of $84.49 million, a PE ratio of -7.50 and a beta of 0.90.

Zevia PBC (NYSE:ZVIA) last posted its earnings results on Wednesday, February 25th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Zevia PBC had a negative return on equity of 22.49% and a negative net margin of 6.15%.The business had revenue of $37.87 million during the quarter, compared to analysts’ expectations of $39.96 million. On average, research analysts expect that Zevia PBC will post -0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ZVIA. Telsey Advisory Group dropped their price objective on shares of Zevia PBC from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zevia PBC in a report on Wednesday, January 21st. Finally, Craig Hallum started coverage on Zevia PBC in a research note on Thursday, January 15th. They issued a “buy” rating and a $4.00 price target on the stock. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.43.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey bought a new position in Zevia PBC in the second quarter valued at $25,000. Quadrature Capital Ltd bought a new stake in Zevia PBC during the 4th quarter worth about $26,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Zevia PBC during the 4th quarter worth about $27,000. Engineers Gate Manager LP bought a new stake in Zevia PBC during the 4th quarter worth about $28,000. Finally, SG Americas Securities LLC acquired a new position in shares of Zevia PBC during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 53.21% of the company’s stock.

Zevia PBC Company Profile

Zevia PBC, headquartered in Los Angeles, is a Public Benefit Corporation that produces zero-calorie, naturally sweetened beverages. Founded in 2007, the company went public through a merger with a special purpose acquisition company in March 2021. Zevia’s mission centers on offering healthier drink alternatives by using stevia leaf extract and other plant-based ingredients rather than sugar or artificial sweeteners.

The company’s product portfolio spans multiple categories, including carbonated sodas, sparkling water, energy drinks, mixers and flavored teas.