Emerald Mutual Fund Advisers Trust Acquires Shares of 297,229 Zevia PBC (NYSE:ZVIA)

Emerald Mutual Fund Advisers Trust acquired a new stake in Zevia PBC (NYSE:ZVIA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 297,229 shares of the company's stock, valued at approximately $1,245,000. Emerald Mutual Fund Advisers Trust owned about 0.41% of Zevia PBC as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Zevia PBC by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 539,652 shares of the company's stock worth $2,262,000 after buying an additional 3,177 shares during the period. Stifel Financial Corp purchased a new position in shares of Zevia PBC in the fourth quarter valued at about $42,000. Northern Trust Corp raised its stake in shares of Zevia PBC by 11.6% during the fourth quarter. Northern Trust Corp now owns 119,428 shares of the company's stock valued at $500,000 after acquiring an additional 12,396 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Zevia PBC during the fourth quarter worth about $57,000. Finally, Abacus Planning Group Inc. bought a new stake in shares of Zevia PBC in the fourth quarter worth about $57,000. Institutional investors own 53.21% of the company's stock.

Analysts Set New Price Targets

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

Zevia PBC Price Performance

ZVIA stock traded down $0.03 during midday trading on Monday, hitting $2.16. The stock had a trading volume of 130,642 shares, compared to its average volume of 446,690. The business has a 50-day moving average of $2.23 and a two-hundred day moving average of $2.75. The firm has a market cap of $158.41 million, a price-to-earnings ratio of -5.67 and a beta of 0.76. Zevia PBC has a 52-week low of $0.62 and a 52-week high of $4.99.

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.