OMERS ADMINISTRATION Corp Takes Position in Zevia PBC (NYSE:ZVIA)

OMERS ADMINISTRATION Corp bought a new stake in shares of Zevia PBC (NYSE:ZVIA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 88,500 shares of the company's stock, valued at approximately $371,000. OMERS ADMINISTRATION Corp owned 0.12% of Zevia PBC as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Calamos Advisors LLC bought a new stake in shares of Zevia PBC during the 4th quarter worth $471,000. SBI Securities Co. Ltd. acquired a new position in Zevia PBC in the 4th quarter worth about $57,000. Stifel Financial Corp acquired a new position in Zevia PBC in the 4th quarter worth about $42,000. Russell Investments Group Ltd. acquired a new position in Zevia PBC in the 4th quarter worth about $596,000. Finally, Marshall Wace LLP acquired a new stake in shares of Zevia PBC in the fourth quarter valued at about $858,000. 53.21% of the stock is currently owned by institutional investors.

Zevia PBC Trading Up 0.5%

Shares of ZVIA traded up $0.02 on Thursday, reaching $2.84. 720,407 shares of the company's stock traded hands, compared to its average volume of 489,141. The stock has a market cap of $208.40 million, a PE ratio of -7.46 and a beta of 0.76. The stock's 50 day simple moving average is $2.36 and its two-hundred day simple moving average is $2.88. Zevia PBC has a 52-week low of $0.62 and a 52-week high of $4.99.

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

Wall Street Analyst Weigh In

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 Company 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.