Zevia PBC (NYSE:ZVIA – Get Rating) had its price target upped by equities researchers at Wells Fargo & Company from $3.50 to $4.50 in a report released on Monday, Stock Target Advisor reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target indicates a potential upside of 4.17% from the stock's current price.
Separately, Morgan Stanley boosted their price objective on Zevia PBC from $3.25 to $3.50 and gave the company an "equal weight" rating in a research note on Monday, August 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Zevia PBC has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.
Get Zevia PBC alerts:Zevia PBC Price Performance
NYSE:ZVIA opened at $4.32 on Monday. Zevia PBC has a 1 year low of $1.86 and a 1 year high of $13.92. The stock's fifty day moving average price is $4.30 and its two-hundred day moving average price is $3.65. The company has a market cap of $296.50 million, a P/E ratio of -2.25 and a beta of 0.09.
Insider Buying and Selling at Zevia PBC
In other news, CEO Padraic L. Spence sold 32,444 shares of the company's stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $3.09, for a total value of $100,251.96. Following the transaction, the chief executive officer now owns 2,430,999 shares of the company's stock, valued at $7,511,786.91. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Padraic L. Spence sold 33,396 shares of the company's stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $4.47, for a total value of $149,280.12. Following the transaction, the director now directly owns 2,364,472 shares in the company, valued at $10,569,189.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Padraic L. Spence sold 32,444 shares of Zevia PBC stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $3.09, for a total transaction of $100,251.96. Following the sale, the chief executive officer now owns 2,430,999 shares of the company's stock, valued at $7,511,786.91. The disclosure for this sale can be found here. Insiders sold a total of 98,971 shares of company stock valued at $410,217 in the last three months. Company insiders own 13.61% of the company's stock.Institutional Investors Weigh In On Zevia PBC
Hedge funds have recently added to or reduced their stakes in the company. Prelude Capital Management LLC purchased a new position in shares of Zevia PBC during the second quarter worth approximately $47,000. Cubist Systematic Strategies LLC bought a new stake in Zevia PBC in the second quarter worth $42,000. Millennium Management LLC boosted its position in Zevia PBC by 356.2% during the second quarter. Millennium Management LLC now owns 92,140 shares of the company's stock valued at $259,000 after buying an additional 71,943 shares during the period. Nwam LLC grew its stake in shares of Zevia PBC by 14.3% during the second quarter. Nwam LLC now owns 35,866 shares of the company's stock valued at $101,000 after buying an additional 4,500 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in Zevia PBC by 115.9% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 644,365 shares of the company's stock valued at $1,811,000 after acquiring an additional 345,969 shares during the period. Institutional investors own 40.67% of the company's stock.
Zevia PBC Company Profile
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Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated and non-carbonated soft drinks in the United States and Canada. It offers soda, energy drinks, organic tea, mixers, kidz beverages, and sparkling water. The company offers its products through various retail channels, including grocery distributors, national retailers, warehouse club, and natural products retailers, as well as e-commerce channels.
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