Zevia PBC (NYSE:ZVIA) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC raised its stake in Zevia PBC (NYSE:ZVIA - Free Report) by 481.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,745 shares of the company's stock after buying an additional 104,955 shares during the period. Jane Street Group LLC owned about 0.17% of Zevia PBC worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in ZVIA. Geode Capital Management LLC lifted its position in shares of Zevia PBC by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 539,652 shares of the company's stock worth $2,262,000 after purchasing an additional 3,177 shares during the period. Stifel Financial Corp purchased a new stake in shares of Zevia PBC in the 4th quarter worth approximately $42,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Zevia PBC in the 4th quarter worth approximately $45,000. Northern Trust Corp lifted its position in shares of Zevia PBC by 11.6% in the 4th quarter. Northern Trust Corp now owns 119,428 shares of the company's stock worth $500,000 after purchasing an additional 12,396 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Zevia PBC in the 4th quarter worth approximately $57,000. 53.21% of the stock is owned by hedge funds and other institutional investors.

Zevia PBC Stock Down 2.9%

Shares of NYSE ZVIA traded down $0.08 during trading hours on Monday, hitting $2.64. 480,982 shares of the stock were exchanged, compared to its average volume of 492,572. The company has a market cap of $195.94 million, a PE ratio of -6.95 and a beta of 0.76. The firm has a fifty day moving average price of $2.45 and a 200-day moving average price of $2.96. Zevia PBC has a 12 month low of $0.62 and a 12 month high of $4.99.

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, topping the consensus estimate of ($0.10) by $0.04. The firm had revenue of $38.02 million during the quarter, compared to analyst estimates of $37.15 million. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. As a group, equities analysts anticipate that Zevia PBC will post -0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $3.00 price target on shares of Zevia PBC in a research report 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.