ArrowMark Colorado Holdings LLC Invests $4.19 Million in Zevia PBC (NYSE:ZVIA)

ArrowMark Colorado Holdings LLC bought a new stake in Zevia PBC (NYSE:ZVIA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,000,000 shares of the company's stock, valued at approximately $4,190,000. ArrowMark Colorado Holdings LLC owned about 1.37% of Zevia PBC as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new position in shares of Zevia PBC during the 4th quarter worth about $42,000. Schonfeld Strategic Advisors LLC bought a new position in Zevia PBC during the fourth quarter worth about $45,000. SBI Securities Co. Ltd. acquired a new stake in Zevia PBC during the fourth quarter valued at approximately $57,000. Abacus Planning Group Inc. bought a new stake in shares of Zevia PBC in the 4th quarter valued at approximately $57,000. Finally, Spire Wealth Management acquired a new position in shares of Zevia PBC in the 4th quarter worth approximately $101,000. 53.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on ZVIA shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $3.00 price target on shares of Zevia PBC in a research note on Monday. The Goldman Sachs Group upped their target price on shares of Zevia PBC from $1.15 to $3.75 and gave the stock a "neutral" rating in a report on Tuesday, January 14th.

Zevia PBC Stock Down 3.3 %

ZVIA stock traded down $0.07 during midday trading on Tuesday, reaching $2.02. 277,834 shares of the company's stock traded hands, compared to its average volume of 447,884. The company has a 50-day simple moving average of $2.22 and a two-hundred day simple moving average of $2.76. Zevia PBC has a 1-year low of $0.62 and a 1-year high of $4.99. The company has a market cap of $148.49 million, a price-to-earnings ratio of -5.32 and a beta of 0.76.

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.