Zevia PBC (NYSE:ZVIA) CEO Amy Taylor Sells 11,479 Shares

Zevia PBC (NYSE:ZVIA) CEO Amy Taylor sold 11,479 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $4.74, for a total value of $54,410.46. Following the completion of the transaction, the chief executive officer now directly owns 1,002,773 shares in the company, valued at $4,753,144.02. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Zevia PBC Price Performance

Shares of NYSE:ZVIA opened at $4.21 on Friday. The business’s 50 day simple moving average is $3.47 and its 200 day simple moving average is $1.91. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $4.99.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. The company had revenue of $36.37 million for the quarter, compared to analysts’ expectations of $38.53 million. During the same quarter last year, the business earned ($0.16) earnings per share. On average, equities analysts predict that Zevia PBC will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ZVIA shares. The Goldman Sachs Group upped their price objective on Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Telsey Advisory Group restated a “market perform” rating and issued a $4.00 price target on shares of Zevia PBC in a research note on Tuesday, January 14th.

Institutional Trading of Zevia PBC

Institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management bought a new position in Zevia PBC in the fourth quarter valued at approximately $101,000. ORG Wealth Partners LLC bought a new position in shares of Zevia PBC in the 4th quarter valued at $129,000. Nwam LLC acquired a new position in shares of Zevia PBC during the 3rd quarter worth $39,000. Renaissance Technologies LLC raised its holdings in shares of Zevia PBC by 128.7% during the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock worth $47,000 after buying an additional 39,000 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zevia PBC during the 2nd quarter worth $26,000. Institutional investors own 53.21% of the company’s stock.

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.