Zevia PBC's (ZVIA) "Market Perform" Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Zevia PBC (NYSE:ZVIA - Free Report) in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a $3.00 target price on the stock.

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

Zevia PBC Trading Up 1.0 %

ZVIA traded up $0.02 during trading on Monday, hitting $2.04. 567,921 shares of the company's stock were exchanged, compared to its average volume of 449,275. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $4.99. The stock has a 50 day moving average price of $2.21 and a 200 day moving average price of $2.75. The firm has a market cap of $149.96 million, a P/E ratio of -5.37 and a beta of 0.76.

Zevia PBC (NYSE:ZVIA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates 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%. Analysts forecast 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 modified their holdings of the business. ArrowMark Colorado Holdings LLC purchased a new stake in Zevia PBC during the 4th quarter worth approximately $4,190,000. Silvercrest Asset Management Group LLC increased its stake in shares of Zevia PBC by 87.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,323,885 shares of the company's stock worth $5,547,000 after buying an additional 616,244 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in Zevia PBC in the fourth quarter valued at $1,245,000. Soviero Asset Management LP bought a new position in Zevia PBC during the 4th quarter valued at $880,000. Finally, Marshall Wace LLP acquired a new position in Zevia PBC during the 4th quarter worth $858,000. 53.21% of the stock is owned by hedge funds and other 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.