Kapitalo Investimentos Ltda Takes $467,000 Position in Zevia PBC $ZVIA

Key Points

• Kapitalo Investimentos Ltda acquired 145,105 shares of Zevia PBC, valued at approximately $467,000, making up 0.20% of the company's stock at the end of the most recent reporting period.
• Recent analyst ratings have seen predicted price objectives for Zevia PBC increase, with Morgan Stanley setting a target of $2.70 and Telsey Advisory Group and BMO Capital Markets raising theirs to $6.00.
• Zevia PBC reported a quarterly earnings beat with $44.52 million in revenue, exceeding expectations of $41.63 million, despite a negative return on equity of 27.86%.

Kapitalo Investimentos Ltda acquired a new stake in Zevia PBC (NYSE:ZVIA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 145,105 shares of the company's stock, valued at approximately $467,000. Kapitalo Investimentos Ltda owned 0.20% of Zevia PBC at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in Zevia PBC by 11.6% during the 4th quarter. Northern Trust Corp now owns 119,428 shares of the company's stock valued at $500,000 after buying an additional 12,396 shares during the last quarter. Jane Street Group LLC lifted its position in Zevia PBC by 481.7% in the 4th quarter. Jane Street Group LLC now owns 126,745 shares of the company's stock worth $531,000 after buying an additional 104,955 shares in the last quarter. Bank of America Corp DE lifted its position 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 acquiring an additional 15,280 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Zevia PBC during the 4th quarter valued at about $139,000. Finally, Wolverine Trading LLC bought a new stake in shares of Zevia PBC during the fourth quarter worth $39,000. Institutional investors and hedge funds own 53.21% of the company's stock.

Zevia PBC Trading Down 0.6%

Shares of NYSE:ZVIA traded down $0.02 during trading on Monday, reaching $2.37. 992,821 shares of the company traded hands, compared to its average volume of 590,399. Zevia PBC has a 52-week low of $0.96 and a 52-week high of $4.99. The business's fifty day moving average is $2.90 and its 200-day moving average is $2.69. The firm has a market capitalization of $177.26 million, a price-to-earnings ratio of -10.75 and a beta of 0.89.

Zevia PBC (NYSE:ZVIA - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04. Zevia PBC had a negative net margin of 8.97% and a negative return on equity of 27.86%. The firm had revenue of $44.52 million for the quarter, compared to the consensus estimate of $41.63 million. On average, sell-side analysts predict that Zevia PBC will post -0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ZVIA. BMO Capital Markets boosted their price objective on Zevia PBC from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Morgan Stanley boosted their target price on Zevia PBC from $2.50 to $2.70 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Finally, Telsey Advisory Group upped their price target on shares of Zevia PBC from $5.00 to $6.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $4.61.

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.