Zevia PBC (NYSE:ZVIA) CEO Padraic L. Spence Sells 29,180 Shares
Zevia PBC (NYSE:ZVIA – Get Rating) CEO Padraic L. Spence sold 29,180 shares of the business’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $2.89, for a total value of $84,330.20. Following the completion of the transaction, the chief executive officer now directly owns 2,463,443 shares in the company, valued at approximately $7,119,350.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
ZVIA traded up $0.18 during midday trading on Tuesday, reaching $2.82. 104,466 shares of the company’s stock traded hands, compared to its average volume of 270,693. Zevia PBC has a 52 week low of $1.86 and a 52 week high of $17.50. The stock has a market capitalization of $189.53 million and a price-to-earnings ratio of -1.49. The firm has a fifty day moving average of $2.73 and a two-hundred day moving average of $5.14.
Zevia PBC (NYSE:ZVIA – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.17). Zevia PBC had a negative net margin of 39.61% and a negative return on equity of 211.71%. The company had revenue of $38.03 million for the quarter, compared to the consensus estimate of $37.17 million. As a group, equities analysts predict that Zevia PBC will post -0.88 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Zevia PBC in the 1st quarter worth $77,000. State Street Corp boosted its stake in shares of Zevia PBC by 3.5% in the 1st quarter. State Street Corp now owns 151,222 shares of the company’s stock worth $691,000 after buying an additional 5,089 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Zevia PBC by 92.8% in the 1st quarter. Renaissance Technologies LLC now owns 158,297 shares of the company’s stock worth $723,000 after buying an additional 76,174 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Zevia PBC by 70.0% in the 1st quarter. Penserra Capital Management LLC now owns 13,296 shares of the company’s stock worth $60,000 after buying an additional 5,476 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Zevia PBC by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 533,976 shares of the company’s stock worth $2,441,000 after purchasing an additional 7,077 shares during the period. Hedge funds and other institutional investors own 48.25% of the company’s stock.
Separately, The Goldman Sachs Group cut their price objective on Zevia PBC from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, April 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.19.
About Zevia PBC (Get Rating)
Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated and non-carbonated soft drinks in the United States and Canada. It offers soda, energy drinks, organic tea, mixers, kidz beverages, and sparkling water. The company offers its products through various retail channels, including grocery distributors, national retailers, warehouse club, and natural products retailers, as well as e-commerce channels.
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