Silvercrest Asset Management Group LLC Grows Holdings in Zevia PBC (NYSE:ZVIA)

Silvercrest Asset Management Group LLC boosted its position in shares of Zevia PBC (NYSE:ZVIA - Free Report) by 87.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,323,885 shares of the company's stock after purchasing an additional 616,244 shares during the period. Silvercrest Asset Management Group LLC owned approximately 1.81% of Zevia PBC worth $5,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ZVIA. ArrowMark Colorado Holdings LLC purchased a new stake in shares of Zevia PBC in the 4th quarter valued at approximately $4,190,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Zevia PBC in the fourth quarter valued at approximately $1,245,000. Marshall Wace LLP acquired a new position in shares of Zevia PBC in the fourth quarter valued at approximately $858,000. Russell Investments Group Ltd. acquired a new position in shares of Zevia PBC in the fourth quarter valued at approximately $596,000. Finally, Calamos Advisors LLC acquired a new position in shares of Zevia PBC in the fourth quarter valued at approximately $471,000. 53.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Zevia PBC Stock Down 1.1%

NYSE ZVIA traded down $0.03 on Friday, hitting $2.80. 427,067 shares of the stock were exchanged, compared to its average volume of 491,014. Zevia PBC has a fifty-two week low of $0.62 and a fifty-two week high of $4.99. The company has a market cap of $205.83 million, a PE ratio of -7.37 and a beta of 0.76. The company has a 50-day moving average price of $2.37 and a 200-day moving average price of $2.91.

Zevia PBC (NYSE:ZVIA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.06) earnings per share (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 analysts' expectations of $37.15 million. As a group, equities research analysts predict that Zevia PBC will post -0.32 EPS for the current fiscal 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.