30,674 Shares in Zevia PBC (NYSE:ZVIA) Bought by ORG Wealth Partners LLC

ORG Wealth Partners LLC acquired a new position in shares of Zevia PBC (NYSE:ZVIA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,674 shares of the company’s stock, valued at approximately $129,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nwam LLC acquired a new position in Zevia PBC during the third quarter worth $39,000. Renaissance Technologies LLC grew its holdings 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zevia PBC during the second quarter worth $26,000. XTX Topco Ltd acquired a new position in Zevia PBC during the third quarter worth $50,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Zevia PBC during the third quarter worth $108,000. Institutional investors and hedge funds own 53.21% of the company’s stock.

Insider Activity

In other news, Director Rosemary L. Ripley sold 2,567,006 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $1.90, for a total value of $4,877,311.40. Following the sale, the director now directly owns 2,719,258 shares in the company, valued at $5,166,590.20. This represents a 48.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.55% of the company’s stock.

Analyst Ratings Changes

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

Zevia PBC Stock Performance

ZVIA opened at $4.43 on Friday. The business’s fifty day moving average is $2.89 and its two-hundred day moving average is $1.64. The company has a market cap of $323.45 million, a price-to-earnings ratio of -11.66 and a beta of 0.66. Zevia PBC has a one year low of $0.62 and a one year high of $4.78.

Zevia PBC (NYSE:ZVIA) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $38.53 million. During the same period in the prior year, the business earned ($0.16) earnings per share. On average, analysts predict that Zevia PBC will post -0.3 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.