Calamos Advisors LLC Makes New $471,000 Investment in Zevia PBC (NYSE:ZVIA)

Calamos Advisors LLC bought a new stake in shares of Zevia PBC (NYSE:ZVIA) during the fourth quarter, Holdings Channel reports. The fund bought 112,428 shares of the company’s stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZVIA. Renaissance Technologies LLC boosted its stake in shares of Zevia PBC by 128.7% in 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 last quarter. ORG Wealth Partners LLC acquired a new stake in Zevia PBC during the 4th quarter worth $129,000. XTX Topco Ltd purchased a new stake in shares of Zevia PBC during the third quarter worth $50,000. Nwam LLC acquired a new stake in shares of Zevia PBC in the third quarter valued at about $39,000. Finally, Spire Wealth Management purchased a new position in shares of Zevia PBC in the fourth quarter worth about $101,000. Hedge funds and other institutional investors own 53.21% of the company’s stock.

Insider Transactions at Zevia PBC

In other news, CEO Amy Taylor sold 11,479 shares of the stock in a transaction that occurred on 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 directly owns 1,002,773 shares of the company’s stock, valued at approximately $4,753,144.02. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rosemary L. Ripley sold 2,567,006 shares of Zevia PBC stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $1.90, for a total transaction of $4,877,311.40. Following the completion of the transaction, the director now directly owns 2,719,258 shares in the company, valued at $5,166,590.20. The trade was a 48.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,582,464 shares of company stock worth $4,950,344. 12.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Zevia PBC Stock Down 3.5 %

NYSE:ZVIA opened at $3.65 on Thursday. The stock’s fifty day moving average is $3.77 and its two-hundred day moving average is $2.09. Zevia PBC has a 52 week low of $0.62 and a 52 week high of $4.99. The stock has a market capitalization of $266.34 million, a price-to-earnings ratio of -9.60 and a beta of 0.65.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. The company had revenue of $36.37 million during the quarter, compared to the consensus estimate of $38.53 million. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. On average, sell-side analysts expect that Zevia PBC will post -0.31 EPS for the current fiscal year.

Zevia PBC Company 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.