Zevia PBC (NYSE:ZVIA) CEO Amy Taylor Sells 11,479 Shares

Zevia PBC (NYSE:ZVIA) CEO Amy Taylor sold 11,479 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $4.74, for a total value of $54,410.46. Following the completion of the transaction, the chief executive officer now owns 1,002,773 shares in the company, valued at $4,753,144.02. This represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Zevia PBC Price Performance

ZVIA stock opened at $4.24 on Friday. The firm has a 50 day moving average of $3.43 and a two-hundred day moving average of $1.88. Zevia PBC has a 12 month low of $0.62 and a 12 month high of $4.99.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $4.00 target price on shares of Zevia PBC in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their price objective on Zevia PBC from $1.15 to $3.75 and gave the stock a “neutral” rating in a report on Tuesday, January 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zevia PBC during the second quarter worth approximately $26,000. Nwam LLC acquired a new stake in shares of Zevia PBC in the third quarter worth $39,000. Renaissance Technologies LLC boosted its holdings in shares of Zevia PBC by 128.7% during the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock worth $47,000 after buying an additional 39,000 shares during the period. XTX Topco Ltd acquired a new position in Zevia PBC in the 3rd quarter valued at $50,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Zevia PBC in the 3rd quarter worth $108,000. 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.