Emerald Advisers LLC Purchases Shares of 54,359 Zevia PBC (NYSE:ZVIA)

Emerald Advisers LLC acquired a new position in shares of Zevia PBC (NYSE:ZVIA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 54,359 shares of the company’s stock, valued at approximately $228,000. Emerald Advisers LLC owned about 0.07% of Zevia PBC as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nwam LLC acquired a new stake in Zevia PBC in the 3rd quarter worth about $39,000. XTX Topco Ltd purchased a new position in shares of Zevia PBC during the 3rd quarter worth about $50,000. SBI Securities Co. Ltd. purchased a new position in shares of Zevia PBC during the 4th quarter worth about $57,000. Abacus Planning Group Inc. acquired a new stake in shares of Zevia PBC in the fourth quarter worth approximately $57,000. Finally, Spire Wealth Management purchased a new stake in Zevia PBC in the fourth quarter valued at approximately $101,000. Hedge funds and other institutional investors own 53.21% of the company’s stock.

Zevia PBC Stock Performance

NYSE ZVIA opened at $2.08 on Monday. The firm has a market capitalization of $152.53 million, a price-to-earnings ratio of -5.46 and a beta of 0.74. Zevia PBC has a one year low of $0.62 and a one year high of $4.99. The company’s 50 day moving average price is $3.30 and its 200 day moving average price is $2.51.

Insider Transactions at Zevia PBC

In other news, CEO Amy Taylor sold 11,479 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $4.74, for a total value of $54,410.46. Following the completion of the sale, the chief executive officer now owns 1,002,773 shares of the company’s stock, valued at $4,753,144.02. This represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ZVIA. Telsey Advisory Group cut their price target on shares of Zevia PBC from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group increased their target price on Zevia PBC from $1.15 to $3.75 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th.

Zevia PBC Profile

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.