Girish Satya Sells 41,662 Shares of Zevia PBC (NYSE:ZVIA) Stock

Key Points

• Insider sale: Zevia CFO Girish Satya sold 41,662 shares on March 25 at an average price of $1.18 for about $49,161, cutting his stake by 11.27% to 327,909 shares; the sale was disclosed in an SEC filing.
• Weak financials and low share price: ZVIA trades around $1.13 (1‑year range $1.11–$3.66) with a market cap of $84.5M, negative EPS and margins, and analysts expect roughly -$0.32 EPS for the fiscal year.
• Mixed analyst and institutional activity: The stock has an average "Hold" rating with a $4.43 target, while institutional investors hold 53.21% of shares and several funds recently increased or initiated positions.

Zevia PBC (NYSE:ZVIA - Get Free Report) CFO Girish Satya sold 41,662 shares of the firm's stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $1.18, for a total value of $49,161.16. Following the completion of the sale, the chief financial officer directly owned 327,909 shares of the company's stock, valued at $386,932.62. This represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zevia PBC Price Performance

Shares of ZVIA opened at $1.13 on Friday. Zevia PBC has a 1 year low of $1.11 and a 1 year high of $3.66. The stock's fifty day moving average price is $1.55 and its two-hundred day moving average price is $2.11. The firm has a market cap of $84.49 million, a PE ratio of -7.50 and a beta of 0.90.

Zevia PBC (NYSE:ZVIA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. Zevia PBC had a negative return on equity of 22.49% and a negative net margin of 6.15%.The company had revenue of $37.87 million during the quarter, compared to the consensus estimate of $39.96 million. Sell-side analysts anticipate that Zevia PBC will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Zevia PBC

A number of hedge funds and other institutional investors have recently made changes to their positions in ZVIA. Bank of America Corp DE boosted its stake in Zevia PBC by 2,845.4% in the 4th quarter. Bank of America Corp DE now owns 15,817 shares of the company's stock worth $66,000 after purchasing an additional 15,280 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Zevia PBC by 52.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 79,275 shares of the company's stock valued at $171,000 after buying an additional 27,343 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Zevia PBC during the first quarter valued at about $187,000. Geode Capital Management LLC lifted its holdings in shares of Zevia PBC by 66.5% in the second quarter. Geode Capital Management LLC now owns 933,407 shares of the company's stock worth $3,006,000 after buying an additional 372,665 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Zevia PBC in the second quarter worth about $25,000. 53.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Craig Hallum assumed coverage on shares of Zevia PBC in a research report on Thursday, January 15th. They set a "buy" rating and a $4.00 target price for the company. Weiss Ratings restated a "sell (d-)" rating on shares of Zevia PBC in a research note on Wednesday, January 21st. Finally, Telsey Advisory Group cut their price objective on shares of Zevia PBC from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $4.43.

About Zevia PBC

Zevia PBC, headquartered in Los Angeles, is a Public Benefit Corporation that produces zero-calorie, naturally sweetened beverages. Founded in 2007, the company went public through a merger with a special purpose acquisition company in March 2021. Zevia's mission centers on offering healthier drink alternatives by using stevia leaf extract and other plant-based ingredients rather than sugar or artificial sweeteners.

The company's product portfolio spans multiple categories, including carbonated sodas, sparkling water, energy drinks, mixers and flavored teas.

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