Rosemary L. Ripley Sells 2,567,006 Shares of Zevia PBC (NYSE:ZVIA) Stock

Zevia PBC (NYSE:ZVIA) Director Rosemary L. Ripley sold 2,567,006 shares of the firm’s stock in a transaction dated 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. This represents a 48.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Zevia PBC Stock Performance

ZVIA opened at $3.21 on Wednesday. Zevia PBC has a 52-week low of $0.62 and a 52-week high of $3.37. The firm has a market cap of $234.37 million, a P/E ratio of -8.45 and a beta of 1.02. The business’s fifty day moving average is $1.67 and its 200-day moving average is $1.18.

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings data 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 firm had revenue of $36.37 million for 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 period in the prior year, the company posted ($0.16) earnings per share. On average, research analysts predict that Zevia PBC will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 target price on shares of Zevia PBC in a report on Monday, November 4th.

Institutional Trading of Zevia PBC

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Nwam LLC bought a new stake in shares of Zevia PBC during the 3rd quarter worth approximately $39,000. Renaissance Technologies LLC boosted its holdings in shares of Zevia PBC by 128.7% in the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock valued at $47,000 after purchasing an additional 39,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zevia PBC in the 2nd quarter valued at $26,000. XTX Topco Ltd acquired a new stake in shares of Zevia PBC in the 3rd quarter valued at $50,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Zevia PBC in the 3rd quarter valued at $108,000. Institutional investors own 53.21% of the company’s stock.

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.