210,000 Shares in Zevia PBC (NYSE:ZVIA) Acquired by Soviero Asset Management LP

Soviero Asset Management LP bought a new position in shares of Zevia PBC (NYSE:ZVIA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 210,000 shares of the company's stock, valued at approximately $880,000. Soviero Asset Management LP owned 0.29% of Zevia PBC at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZVIA. Stifel Financial Corp acquired a new position in Zevia PBC during the 4th quarter worth about $42,000. Schonfeld Strategic Advisors LLC acquired a new position in Zevia PBC during the 4th quarter worth about $45,000. SBI Securities Co. Ltd. acquired a new position in Zevia PBC during the 4th quarter worth about $57,000. Abacus Planning Group Inc. acquired a new position in Zevia PBC during the 4th quarter worth about $57,000. Finally, Bank of America Corp DE lifted its holdings in Zevia PBC by 2,845.4% during the 4th quarter. Bank of America Corp DE now owns 15,817 shares of the company's stock worth $66,000 after buying an additional 15,280 shares during the period. 53.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and set a $3.00 target price on shares of Zevia PBC in a report on Monday, May 5th.

Zevia PBC Stock Performance

Shares of NYSE:ZVIA traded up $0.02 during midday trading on Thursday, reaching $2.84. The company's stock had a trading volume of 720,407 shares, compared to its average volume of 489,141. The firm has a market capitalization of $208.40 million, a price-to-earnings ratio of -7.46 and a beta of 0.76. The firm has a 50 day moving average price of $2.34 and a two-hundred day moving average price of $2.87. Zevia PBC has a fifty-two week low of $0.62 and a fifty-two week high of $4.99.

Zevia PBC (NYSE:ZVIA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.04. The company had revenue of $38.02 million for the quarter, compared to the consensus estimate of $37.15 million. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. As a group, research analysts anticipate that Zevia PBC will post -0.32 earnings per share for the current year.

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.