Zevia PBC (NYSE:ZVIA - Get Free Report) fell 4.3% on Tuesday . The company traded as low as $3.00 and last traded at $3.08. 742,342 shares changed hands during trading, an increase of 39% from the average session volume of 534,444 shares. The stock had previously closed at $3.22.
Analyst Upgrades and Downgrades
Separately, Telsey Advisory Group reaffirmed a "market perform" rating and set a $3.00 target price on shares of Zevia PBC in a research note on Monday, May 5th.
View Our Latest Report on ZVIA
Zevia PBC Price Performance
The company has a market cap of $232.31 million, a P/E ratio of -10.10 and a beta of 0.91. The company's 50-day moving average is $2.82 and its two-hundred day moving average is $3.01.
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, beating the consensus estimate of ($0.10) by $0.04. Zevia PBC had a negative net margin of 12.58% and a negative return on equity of 35.52%. The company had revenue of $38.02 million during the quarter, compared to the consensus estimate of $37.15 million. Equities research analysts anticipate that Zevia PBC will post -0.32 EPS for the current year.
Institutional Investors Weigh In On Zevia PBC
Several institutional investors and hedge funds have recently added to or reduced their stakes in ZVIA. ArrowMark Colorado Holdings LLC purchased a new position in shares of Zevia PBC during the 4th quarter worth $4,190,000. Silvercrest Asset Management Group LLC boosted its stake in shares of Zevia PBC by 87.1% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,323,885 shares of the company's stock worth $5,547,000 after acquiring an additional 616,244 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Zevia PBC by 950.8% during the 1st quarter. Acadian Asset Management LLC now owns 607,303 shares of the company's stock worth $1,309,000 after acquiring an additional 549,508 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Zevia PBC by 2,701.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 544,099 shares of the company's stock worth $1,175,000 after acquiring an additional 524,675 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Zevia PBC during the 4th quarter worth $1,245,000. Hedge funds and other institutional investors own 53.21% of the company's stock.
About Zevia PBC
(
Get Free Report)
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.
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