OMERS ADMINISTRATION Corp Acquires New Stake in Zevia PBC (NYSE:ZVIA)

OMERS ADMINISTRATION Corp purchased a new stake in shares of Zevia PBC (NYSE:ZVIA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 88,500 shares of the company's stock, valued at approximately $371,000. OMERS ADMINISTRATION Corp owned about 0.12% of Zevia PBC at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Calamos Advisors LLC purchased a new position in Zevia PBC during the fourth quarter worth about $471,000. SBI Securities Co. Ltd. purchased a new position in Zevia PBC during the fourth quarter worth about $57,000. Stifel Financial Corp purchased a new position in Zevia PBC during the fourth quarter worth about $42,000. Russell Investments Group Ltd. purchased a new position in Zevia PBC during the fourth quarter worth about $596,000. Finally, Marshall Wace LLP purchased a new position in Zevia PBC during the fourth quarter worth about $858,000. Institutional investors and hedge funds own 53.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

Zevia PBC Price Performance

Shares of NYSE ZVIA traded down $0.03 during midday trading on Friday, hitting $2.80. The company's stock had a trading volume of 427,067 shares, compared to its average volume of 491,014. The business's fifty day simple moving average is $2.37 and its two-hundred day simple moving average is $2.92. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $4.99. The firm has a market capitalization of $207.82 million, a price-to-earnings ratio of -7.37 and a beta of 0.76.

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

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.