Rosemary L. Ripley Sells 2,567,006 Shares of Zevia PBC (NYSE:ZVIA) Stock

Zevia PBC (NYSE:ZVIA) Director Rosemary L. Ripley sold 2,567,006 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $1.90, for a total value of $4,877,311.40. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Zevia PBC Stock Performance

ZVIA opened at $3.21 on Wednesday. The stock has a market cap of $234.37 million, a price-to-earnings ratio of -8.45 and a beta of 1.02. The firm’s fifty day moving average is $1.67 and its 200 day moving average is $1.18. Zevia PBC has a fifty-two week low of $0.62 and a fifty-two week high of $3.37.

Zevia PBC (NYSE:ZVIA) last posted its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. The firm had revenue of $36.37 million for the quarter, compared to the consensus estimate of $38.53 million. Zevia PBC had a negative net margin of 14.02% and a negative return on equity of 38.02%. During the same period in the previous year, the firm posted ($0.16) EPS. On average, equities research analysts predict that Zevia PBC will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 target price on shares of Zevia PBC in a report on Monday, November 4th.

Institutional Investors Weigh In On Zevia PBC

Hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zevia PBC in the second quarter worth about $26,000. Renaissance Technologies LLC grew its holdings in shares of Zevia PBC by 128.7% during the second 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. Nwam LLC purchased a new stake in shares of Zevia PBC during the third quarter worth about $39,000. XTX Topco Ltd acquired a new stake in shares of Zevia PBC in the third quarter worth approximately $50,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Zevia PBC in the third quarter worth approximately $108,000. Hedge funds and other 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.