Zevia PBC (NYSE:ZVIA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Zevia PBC (NYSE:ZVIA) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $4.6125.

ZVIA has been the subject of several research reports. Telsey Advisory Group lifted their price objective on Zevia PBC from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, August 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Zevia PBC in a research report on Wednesday, October 8th. BMO Capital Markets lifted their price objective on Zevia PBC from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Morgan Stanley lifted their price objective on Zevia PBC from $2.50 to $2.70 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Finally, Zacks Research upgraded Zevia PBC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZVIA. Divisadero Street Capital Management LP acquired a new position in Zevia PBC in the 2nd quarter valued at $10,404,000. Acadian Asset Management LLC grew its stake in shares of Zevia PBC by 950.8% during the 1st quarter. Acadian Asset Management LLC now owns 607,303 shares of the company’s stock valued at $1,309,000 after buying an additional 549,508 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Zevia PBC by 2,701.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 544,099 shares of the company’s stock valued at $1,175,000 after buying an additional 524,675 shares during the period. Emerald Mutual Fund Advisers Trust grew its stake in shares of Zevia PBC by 99.9% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 761,700 shares of the company’s stock valued at $2,453,000 after buying an additional 380,693 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Zevia PBC by 66.5% during the 2nd quarter. Geode Capital Management LLC now owns 933,407 shares of the company’s stock valued at $3,006,000 after buying an additional 372,665 shares during the period. 53.21% of the stock is currently owned by institutional investors and hedge funds.

Zevia PBC Price Performance

Shares of Zevia PBC stock opened at $2.41 on Thursday. Zevia PBC has a 1 year low of $0.96 and a 1 year high of $4.99. The company has a market capitalization of $180.25 million, a P/E ratio of -10.93 and a beta of 0.88. The business has a 50 day moving average price of $2.69 and a 200 day moving average price of $2.73.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. Zevia PBC had a negative return on equity of 27.86% and a negative net margin of 8.97%.The firm had revenue of $44.52 million during the quarter, compared to the consensus estimate of $41.63 million. As a group, research analysts expect that Zevia PBC will post -0.32 EPS for the current fiscal year.

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.