Emerald Mutual Fund Advisers Trust Invests $1.25 Million in Zevia PBC (NYSE:ZVIA)

Emerald Mutual Fund Advisers Trust acquired a new stake in Zevia PBC (NYSE:ZVIA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 297,229 shares of the company’s stock, valued at approximately $1,245,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Stifel Financial Corp purchased a new stake in shares of Zevia PBC in the fourth quarter valued at about $42,000. SBI Securities Co. Ltd. purchased a new stake in Zevia PBC in the 4th quarter valued at approximately $57,000. Abacus Planning Group Inc. acquired a new stake in Zevia PBC during the 4th quarter valued at $57,000. Spire Wealth Management purchased a new position in Zevia PBC during the fourth quarter worth $101,000. Finally, ORG Wealth Partners LLC purchased a new position in Zevia PBC during the fourth quarter worth $129,000. 53.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Telsey Advisory Group decreased their price objective on 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 raised their price target on shares of Zevia PBC from $1.15 to $3.75 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th.

Zevia PBC Trading Down 2.2 %

Zevia PBC stock opened at $2.25 on Wednesday. The stock has a fifty day moving average price of $2.29 and a 200 day moving average price of $2.72. Zevia PBC has a 52 week low of $0.62 and a 52 week high of $4.99. The firm has a market capitalization of $165.40 million, a P/E ratio of -5.92 and a beta of 0.77.

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.