Emerald Advisers LLC Makes New $228,000 Investment in Zevia PBC (NYSE:ZVIA)

Emerald Advisers LLC bought a new stake in Zevia PBC (NYSE:ZVIA) during the fourth quarter, HoldingsChannel reports. The firm bought 54,359 shares of the company’s stock, valued at approximately $228,000.

Several other large investors have also modified their holdings of ZVIA. Calamos Advisors LLC bought a new stake in Zevia PBC in the fourth quarter valued at about $471,000. SBI Securities Co. Ltd. acquired a new position in shares of Zevia PBC in the 4th quarter worth approximately $57,000. ORG Wealth Partners LLC bought a new stake in shares of Zevia PBC in the 4th quarter valued at approximately $129,000. XTX Topco Ltd acquired a new stake in shares of Zevia PBC during the 3rd quarter valued at approximately $50,000. Finally, Nwam LLC acquired a new stake in shares of Zevia PBC during the 3rd quarter valued at approximately $39,000. Institutional investors own 53.21% of the company’s stock.

Zevia PBC Trading Down 0.7 %

Zevia PBC stock opened at $2.08 on Monday. Zevia PBC has a 52 week low of $0.62 and a 52 week high of $4.99. The stock has a market cap of $152.53 million, a price-to-earnings ratio of -5.46 and a beta of 0.74. The company’s 50-day moving average price is $3.30 and its two-hundred day moving average price is $2.51.

Insider Activity at Zevia PBC

In other news, CEO Amy Taylor sold 11,479 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $4.74, for a total value of $54,410.46. Following the completion of the sale, the chief executive officer now owns 1,002,773 shares in the company, valued at $4,753,144.02. This represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 12.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ZVIA shares. Telsey Advisory Group lowered their target price on shares of Zevia PBC from $4.00 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group lifted their price target on shares of Zevia PBC from $1.15 to $3.75 and gave the company a “neutral” rating in a report on Tuesday, January 14th.

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.