Zevia PBC (NYSE:ZVIA) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Zevia PBC (NYSE:ZVIA - Free Report) in a report released on Monday,Benzinga reports. They currently have a $3.00 price target on the stock.

Separately, The Goldman Sachs Group increased their target price on shares of Zevia PBC from $1.15 to $3.75 and gave the stock a "neutral" rating in a report on Tuesday, January 14th.

Zevia PBC Price Performance

Zevia PBC stock traded down $0.43 during midday trading on Monday, hitting $2.65. 1,247,941 shares of the company were exchanged, compared to its average volume of 474,309. The company has a market cap of $194.80 million, a PE ratio of -6.97 and a beta of 0.76. Zevia PBC has a fifty-two week low of $0.62 and a fifty-two week high of $4.99. The company's fifty day moving average price is $2.23 and its 200-day moving average price is $2.77.

Zevia PBC (NYSE:ZVIA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.04. The business had revenue of $38.02 million during the quarter, compared to the consensus estimate of $37.15 million. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. On average, analysts expect that Zevia PBC will post -0.32 EPS for the current fiscal year.

Institutional Trading of Zevia PBC

Large investors have recently added to or reduced their stakes in the business. Outlook Wealth Advisors LLC acquired a new stake in shares of Zevia PBC during the 1st quarter valued at $29,000. Wolverine Trading LLC purchased a new stake in shares of Zevia PBC during the fourth quarter valued at $39,000. Stifel Financial Corp acquired a new position in shares of Zevia PBC in the 4th quarter valued at $42,000. Schonfeld Strategic Advisors LLC purchased a new position in Zevia PBC in the 4th quarter worth about $45,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Zevia PBC during the fourth quarter valued at about $57,000. 53.21% of the stock is currently owned by institutional investors.

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.