Zevia PBC (ZVIA) to Release Earnings on Wednesday

Zevia PBC (NYSE:ZVIA) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $39.49 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Zevia PBC Stock Down 2.2 %

ZVIA opened at $3.31 on Tuesday. The stock has a market capitalization of $241.30 million, a price-to-earnings ratio of -8.70 and a beta of 0.65. The firm has a 50 day moving average price of $3.91 and a 200-day moving average price of $2.34. Zevia PBC has a twelve month low of $0.62 and a twelve month high of $4.99.

Analyst Ratings Changes

A number of brokerages have weighed in on ZVIA. The Goldman Sachs Group boosted their target price on shares of Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price objective on shares of Zevia PBC in a research report on Tuesday, January 14th.

Insider Buying and Selling at Zevia PBC

In related news, Director Rosemary L. Ripley sold 2,567,006 shares of Zevia PBC stock in a transaction on Thursday, December 5th. The stock was 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 in the company, valued at approximately $5,166,590.20. The trade was a 48.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amy Taylor sold 11,479 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $4.74, for a total value of $54,410.46. Following the completion of the sale, the chief executive officer now owns 1,002,773 shares of the company’s stock, valued at approximately $4,753,144.02. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,582,464 shares of company stock valued at $4,950,344. Insiders own 12.55% of the company’s stock.

Institutional Investors Weigh In On Zevia PBC

A hedge fund recently raised its stake in Zevia PBC stock. Bank of America Corp DE lifted its position in Zevia PBC (NYSE:ZVIA) by 2,845.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,817 shares of the company’s stock after purchasing an additional 15,280 shares during the period. Bank of America Corp DE’s holdings in Zevia PBC were worth $66,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 53.21% of the stock is owned by institutional investors.

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.