ORG Wealth Partners LLC Makes New Investment in Zevia PBC (NYSE:ZVIA)

ORG Wealth Partners LLC purchased a new position in shares of Zevia PBC (NYSE:ZVIA) in the 4th quarter, Holdings Channel.com reports. The fund purchased 30,674 shares of the company’s stock, valued at approximately $129,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZVIA. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zevia PBC during the second quarter worth about $26,000. Nwam LLC acquired a new stake in Zevia PBC during the third quarter worth about $39,000. Renaissance Technologies LLC increased its stake in 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 acquiring an additional 39,000 shares during the last quarter. XTX Topco Ltd acquired a new stake in Zevia PBC during the third quarter worth about $50,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Zevia PBC during the third quarter worth about $108,000. 53.21% of the stock is currently owned by institutional investors and hedge funds.

Zevia PBC Stock Performance

ZVIA stock opened at $4.43 on Friday. Zevia PBC has a 1 year low of $0.62 and a 1 year high of $4.78. The firm has a market cap of $323.45 million, a P/E ratio of -11.66 and a beta of 0.66. The stock has a 50-day simple moving average of $2.89 and a 200-day simple moving average of $1.64.

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

Insider Buying and Selling at Zevia PBC

In other Zevia PBC news, Director Rosemary L. Ripley sold 2,567,006 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $1.90, for a total transaction of $4,877,311.40. Following the completion of the sale, the director now owns 2,719,258 shares in the company, valued at $5,166,590.20. This trade represents a 48.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.55% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 target price on shares of Zevia PBC in a research note on Monday, November 4th.

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.