TD Waterhouse Canada Inc. Sells 31,519 Shares of Zevia PBC $ZVIA

TD Waterhouse Canada Inc. reduced its position in Zevia PBC (NYSE:ZVIA) by 34.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 59,846 shares of the company’s stock after selling 31,519 shares during the period. TD Waterhouse Canada Inc. owned about 0.08% of Zevia PBC worth $184,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ZVIA. Police & Firemen s Retirement System of New Jersey bought a new stake in Zevia PBC in the second quarter valued at approximately $25,000. DKM Wealth Management Inc. acquired a new position in shares of Zevia PBC during the 2nd quarter worth approximately $42,000. Bank of America Corp DE increased its holdings in shares of Zevia PBC by 2,845.4% during the 4th quarter. Bank of America Corp DE now owns 15,817 shares of the company’s stock worth $66,000 after acquiring an additional 15,280 shares during the last quarter. Intech Investment Management LLC bought a new stake in Zevia PBC in the 2nd quarter valued at $51,000. Finally, First Manhattan CO. LLC. acquired a new stake in Zevia PBC during the 1st quarter valued at $48,000. Institutional investors and hedge funds own 53.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Zevia PBC from $2.50 to $2.70 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 price target on shares of Zevia PBC in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Zevia PBC in a report on Wednesday, October 8th. BMO Capital Markets upped their target price on Zevia PBC from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Zacks Research lowered Zevia PBC from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.61.

Zevia PBC Stock Down 0.6%

Shares of NYSE:ZVIA opened at $2.66 on Tuesday. Zevia PBC has a 12-month low of $1.88 and a 12-month high of $4.99. The company’s 50 day moving average price is $2.47 and its two-hundred day moving average price is $2.77. The firm has a market cap of $199.14 million, a PE ratio of -12.07 and a beta of 0.87.

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

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.