In a report released today, Christopher Carey from Wells Fargo maintained a Hold rating on Zevia PBC (ZVIA – Research Report), with a price target of $4.50. The company’s shares closed last Friday at $4.32.
According to TipRanks, Carey is a 3-star analyst with an average return of 0.6% and a 43.07% success rate. Carey covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Church & Dwight, and Clorox.
Zevia PBC has an analyst consensus of Hold, with a price target consensus of $5.69.
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Based on Zevia PBC’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $45.54 million and a GAAP net loss of $11.09 million. In comparison, last year the company earned a revenue of $34.35 million and had a GAAP net loss of $749 thousand
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZVIA in relation to earlier this year.
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Zevia PBC is a beverage company disrupting the liquid refreshment beverage industry through refreshing, zero-calorie, zero sugar, naturally sweetened beverages that are all Non-GMO Project Verified. It offers a platform of products that include a variety of flavors across Soda, Energy Drinks, Organic Tea, Mixers, Kidz drinks, and Sparkling Water. Its products are distributed across the U.S. and Canada through a network of major retailers in the food, drug, mass, natural, and e-commerce channels.
