Zevia PBC (NYSE:ZVIA - Get Free Report) Director Rosemary L. Ripley sold 2,567,006 shares of the company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $1.90, for a total transaction of $4,877,311.40. Following the transaction, the director now directly owns 2,719,258 shares in the company, valued at approximately $5,166,590.20. This trade represents a 48.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Zevia PBC Stock Performance
Shares of ZVIA stock opened at $3.14 on Tuesday. The stock has a fifty day moving average price of $1.62 and a 200 day moving average price of $1.16. The stock has a market cap of $229.25 million, a PE ratio of -8.26 and a beta of 1.01. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $3.37.
Zevia PBC (NYSE:ZVIA - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.07. The business had revenue of $36.37 million during the quarter, compared to the consensus estimate of $38.53 million. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. During the same quarter in the previous year, the company posted ($0.16) EPS. As a group, equities research analysts predict that Zevia PBC will post -0.3 earnings per share for the current year.
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Separately, Telsey Advisory Group reissued a "market perform" rating and set a $2.00 price objective on shares of Zevia PBC in a report on Monday, November 4th.
Check Out Our Latest Research Report on Zevia PBC
Institutional Trading of Zevia PBC
Several institutional investors and hedge funds have recently modified their holdings of ZVIA. Wilmington Savings Fund Society FSB purchased a new position in shares of Zevia PBC during the 3rd quarter worth approximately $108,000. XTX Topco Ltd purchased a new position in shares of Zevia PBC during the third quarter valued at approximately $50,000. Nwam LLC purchased a new position in shares of Zevia PBC during the 3rd quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zevia PBC during the second quarter worth $26,000. Finally, Renaissance Technologies LLC grew its position in shares of Zevia PBC by 128.7% in the second quarter. Renaissance Technologies LLC now owns 69,300 shares of the company's stock valued at $47,000 after purchasing an additional 39,000 shares during the period. Hedge funds and other institutional investors own 53.21% of the company's stock.
Zevia PBC Company Profile
(
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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