Zevia PBC (NYSE:ZVIA) Shares Up 4.9% - Should You Buy?

Zevia PBC (NYSE:ZVIA - Get Free Report)'s share price rose 4.9% during mid-day trading on Monday . The stock traded as high as $2.38 and last traded at $2.35. Approximately 286,495 shares traded hands during trading, a decline of 35% from the average daily volume of 441,846 shares. The stock had previously closed at $2.24.

Analysts Set New Price Targets

A number of equities analysts recently commented on ZVIA shares. Telsey Advisory Group dropped their price objective on Zevia PBC from $4.00 to $3.00 and set a "market perform" rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group increased their price target on Zevia PBC from $1.15 to $3.75 and gave the company a "neutral" rating in a report on Tuesday, January 14th.

Zevia PBC Stock Performance

The stock has a market cap of $168.70 million, a P/E ratio of -6.04 and a beta of 0.77. The firm has a 50 day moving average of $2.45 and a two-hundred day moving average of $2.66.

Insider Buying and Selling

In other news, CEO Amy Taylor sold 11,479 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $4.74, for a total transaction of $54,410.46. Following the sale, the chief executive officer now directly owns 1,002,773 shares in the company, valued at approximately $4,753,144.02. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zevia PBC

Several institutional investors and hedge funds have recently bought and sold shares of ZVIA. Calamos Advisors LLC acquired a new stake in shares of Zevia PBC during the 4th quarter valued at about $471,000. SBI Securities Co. Ltd. bought a new stake in shares of Zevia PBC in the 4th quarter valued at approximately $57,000. Emerald Advisers LLC bought a new position in shares of Zevia PBC during the 4th quarter worth approximately $228,000. ORG Wealth Partners LLC acquired a new stake in Zevia PBC in the 4th quarter valued at $129,000. Finally, XTX Topco Ltd bought a new stake in Zevia PBC in the third quarter valued at $50,000. Institutional investors own 53.21% of the company's stock.

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.