Zevia PBC (NYSE:ZVIA – Get Rating) Director Padraic L. Spence sold 33,893 shares of the firm's stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $3.53, for a total value of $119,642.29. Following the transaction, the director now owns 2,297,449 shares in the company, valued at approximately $8,109,994.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Zevia PBC Stock Performance

Zevia PBC stock traded up $0.06 during midday trading on Tuesday, reaching $3.76. The stock had a trading volume of 127,724 shares, compared to its average volume of 229,657. The firm's fifty day simple moving average is $4.27 and its 200-day simple moving average is $3.68. Zevia PBC has a 1-year low of $1.86 and a 1-year high of $10.39. The stock has a market capitalization of $258.97 million, a P/E ratio of -2.60 and a beta of 0.31.

Wall Street Analysts Forecast Growth

ZVIA has been the topic of a number of recent analyst reports. Telsey Advisory Group reduced their target price on Zevia PBC from $6.00 to $5.50 and set an "outperform" rating on the stock in a report on Friday, November 11th. Wells Fargo & Company cut their price objective on Zevia PBC from $4.50 to $4.00 and set an "equal weight" rating on the stock in a report on Friday, November 11th. Stephens cut their price objective on Zevia PBC from $10.00 to $8.00 and set an "overweight" rating on the stock in a report on Friday, November 11th. Finally, Morgan Stanley cut their price objective on Zevia PBC from $3.75 to $3.50 and set an "equal weight" rating on the stock in a report on Friday, November 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $8.33.

Institutional Inflows and Outflows

Zevia PBC Company Profile

(Get Rating)

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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