Marshall Wace LLP Purchases New Stake in Zevia PBC (NYSE:ZVIA)

Marshall Wace LLP purchased a new position in Zevia PBC (NYSE:ZVIA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 204,800 shares of the company's stock, valued at approximately $858,000. Marshall Wace LLP owned approximately 0.28% of Zevia PBC at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ZVIA. Geode Capital Management LLC lifted its position in shares of Zevia PBC by 0.6% during 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 last quarter. SBI Securities Co. Ltd. acquired a new position in Zevia PBC in the 4th quarter valued at about $57,000. Abacus Planning Group Inc. acquired a new stake in shares of Zevia PBC during the fourth quarter worth $57,000. Spire Wealth Management purchased a new stake in shares of Zevia PBC in the fourth quarter valued at about $101,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Zevia PBC during the 4th quarter worth approximately $129,000. 53.21% of the stock is currently owned by institutional investors and hedge funds.

Zevia PBC Stock Performance

Shares of ZVIA traded down $0.03 during midday trading on Tuesday, hitting $2.06. 57,357 shares of the stock traded hands, compared to its average volume of 582,908. Zevia PBC has a 1-year low of $0.62 and a 1-year high of $4.99. The business's 50 day moving average price is $2.22 and its two-hundred day moving average price is $2.76. The firm has a market capitalization of $151.21 million, a PE ratio of -5.41 and a beta of 0.76.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ZVIA shares. The Goldman Sachs Group boosted their price objective on shares of Zevia PBC from $1.15 to $3.75 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $3.00 target price on shares of Zevia PBC in a research report on Monday.

Zevia PBC 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.