Telsey Advisory Group Reiterates Outperform Rating for Zevia PBC (NYSE:ZVIA)

Zevia PBC (NYSE:ZVIA)‘s stock had its “outperform” rating restated by investment analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They currently have a $6.00 price objective on the stock. Telsey Advisory Group’s price target suggests a potential upside of 124.30% from the stock’s previous close.

ZVIA has been the subject of several other research reports. Morgan Stanley boosted their price target on shares of Zevia PBC from $2.50 to $2.70 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Zacks Research raised Zevia PBC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zevia PBC in a report on Wednesday, October 8th. Finally, BMO Capital Markets increased their price objective on Zevia PBC from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Zevia PBC has a consensus rating of “Hold” and a consensus price target of $4.61.

Zevia PBC Trading Up 1.7%

NYSE:ZVIA opened at $2.68 on Thursday. Zevia PBC has a 12-month low of $1.18 and a 12-month high of $4.99. The firm has a market cap of $200.49 million, a PE ratio of -12.16 and a beta of 0.87. The stock has a fifty day moving average price of $2.46 and a 200 day moving average price of $2.74.

Zevia PBC (NYSE:ZVIA) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Zevia PBC had a negative return on equity of 30.61% and a negative net margin of 8.83%.The company had revenue of $40.84 million for the quarter, compared to analyst estimates of $39.33 million. Zevia PBC has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast that Zevia PBC will post -0.32 EPS for the current year.

Institutional Trading of Zevia PBC

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Zevia PBC by 4.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,966,289 shares of the company’s stock valued at $5,348,000 after purchasing an additional 89,810 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of Zevia PBC by 105.2% in the third quarter. TD Waterhouse Canada Inc. now owns 122,805 shares of the company’s stock valued at $306,000 after acquiring an additional 62,959 shares during the period. Strs Ohio grew its position in shares of Zevia PBC by 51.3% during the third quarter. Strs Ohio now owns 150,500 shares of the company’s stock worth $409,000 after acquiring an additional 51,000 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Zevia PBC by 21.3% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 924,124 shares of the company’s stock valued at $2,514,000 after acquiring an additional 162,424 shares during the period. Finally, State of Wyoming purchased a new stake in Zevia PBC in the 2nd quarter valued at $236,000. 53.21% of the stock is owned by hedge funds and other institutional investors.

Zevia PBC Company 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.