Zevia PBC's (ZVIA) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Zevia PBC (ZVIA) has had its "sell (D-)" rating reaffirmed by Weiss Ratings, indicating continued concerns about its performance.
• Despite the negative rating from Weiss, other analysts have varied opinions, with Zacks upgrading the stock to "strong-buy" and several firms boosting target prices.
• Zevia PBC's recent quarterly earnings report showed better-than-expected revenue, but the company still posted a negative net margin and is expected to report a loss for the current fiscal year.

Zevia PBC (NYSE:ZVIA - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

ZVIA has been the subject of a number of other reports. Zacks Research raised shares of Zevia PBC from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Morgan Stanley boosted their target price on shares of Zevia PBC from $2.50 to $2.70 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. BMO Capital Markets boosted their target price on shares of Zevia PBC from $5.00 to $6.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Telsey Advisory Group boosted their target price on shares of Zevia PBC from $5.00 to $6.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $4.61.

Zevia PBC Trading Up 3.5%

ZVIA stock traded up $0.09 during trading on Friday, hitting $2.52. 314,360 shares of the stock traded hands, compared to its average volume of 720,658. Zevia PBC has a one year low of $0.96 and a one year high of $4.99. The stock has a market cap of $188.50 million, a price-to-earnings ratio of -11.39 and a beta of 0.88. The company has a 50 day simple moving average of $2.55 and a 200 day simple moving average of $2.73.

Zevia PBC (NYSE:ZVIA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Zevia PBC had a negative net margin of 8.97% and a negative return on equity of 27.86%. The firm had revenue of $44.52 million during the quarter, compared to the consensus estimate of $41.63 million. As a group, analysts predict that Zevia PBC will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zevia PBC

Several institutional investors have recently modified their holdings of ZVIA. Police & Firemen s Retirement System of New Jersey acquired a new position in Zevia PBC during the second quarter valued at approximately $25,000. DKM Wealth Management Inc. acquired a new position in Zevia PBC during the second quarter valued at approximately $42,000. First Manhattan CO. LLC. acquired a new position in Zevia PBC during the first quarter valued at approximately $48,000. JPMorgan Chase & Co. grew its holdings in Zevia PBC by 2,460.7% during the second quarter. JPMorgan Chase & Co. now owns 15,518 shares of the company's stock valued at $50,000 after purchasing an additional 14,912 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Zevia PBC during the second quarter valued at approximately $51,000. Institutional investors and hedge funds 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.

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