Point72 Asia Singapore Pte. Ltd. Acquires New Stake in Zevia PBC (NYSE:ZVIA)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zevia PBC (NYSE:ZVIA) in the second quarter, HoldingsChannel.com reports. The fund acquired 39,030 shares of the company’s stock, valued at approximately $26,000.

Separately, Renaissance Technologies LLC increased its stake in shares of Zevia PBC by 128.7% during the second 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. Institutional investors own 53.21% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder White Pine Llc sold 26,510 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $1.18, for a total value of $31,281.80. Following the completion of the transaction, the insider now owns 1,577,628 shares in the company, valued at approximately $1,861,601.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.55% of the company’s stock.

Zevia PBC Stock Down 4.6 %

Shares of NYSE:ZVIA opened at $1.03 on Wednesday. Zevia PBC has a 52 week low of $0.62 and a 52 week high of $2.42. The company has a 50-day moving average price of $1.01 and a 200 day moving average price of $0.95. The company has a market cap of $74.89 million, a P/E ratio of -2.15 and a beta of 0.66.

Zevia PBC (NYSE:ZVIA) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.04. Zevia PBC had a negative return on equity of 44.31% and a negative net margin of 16.98%. The business had revenue of $40.43 million during the quarter, compared to analysts’ expectations of $39.59 million. During the same period last year, the firm earned ($0.08) EPS. Analysts expect that Zevia PBC will post -0.36 EPS for the current year.

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.