Amy Taylor Sells 30,703 Shares of Zevia PBC (NYSE:ZVIA) Stock

Zevia PBC (NYSE:ZVIA) CEO Amy Taylor sold 30,703 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $1.02, for a total value of $31,317.06. Following the completion of the transaction, the chief executive officer now directly owns 959,252 shares in the company, valued at $978,437.04. The sale was disclosed in a filing with the SEC, which is available through this link.

Amy Taylor also recently made the following trade(s):

• On Wednesday, January 24th, Amy Taylor sold 11,848 shares of Zevia PBC stock. The shares were sold at an average price of $1.73, for a total value of $20,497.04.

Zevia PBC Stock Up 10.5 %

Shares of NYSE:ZVIA traded up $0.11 during trading on Thursday, reaching $1.16. 167,202 shares of the company traded hands, compared to its average volume of 145,938. The company’s 50 day moving average is $1.49 and its two-hundred day moving average is $1.86. The firm has a market capitalization of $83.35 million, a PE ratio of -2.76 and a beta of 0.61. Zevia PBC has a 52 week low of $0.98 and a 52 week high of $4.80.

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). Zevia PBC had a negative return on equity of 29.55% and a negative net margin of 12.91%. The business had revenue of $37.79 million for the quarter, compared to the consensus estimate of $37.75 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. As a group, research analysts anticipate that Zevia PBC will post -0.32 EPS for the current year.

Institutional Trading of Zevia PBC

Several institutional investors and hedge funds have recently modified their holdings of ZVIA. Bessemer Group Inc. bought a new stake in shares of Zevia PBC during the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Zevia PBC during the 3rd quarter worth $31,000. California State Teachers Retirement System bought a new stake in shares of Zevia PBC during the 2nd quarter worth $36,000. Sapient Capital LLC bought a new stake in shares of Zevia PBC during the 4th quarter worth $41,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Zevia PBC in the 2nd quarter worth about $42,000. 53.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZVIA has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Zevia PBC from $3.00 to $2.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 target price on shares of Zevia PBC in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.17.

About Zevia PBC

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.