In a report released today, Bryan Spillane from Bank of America Securities reiterated a Hold rating on Zevia PBC (ZVIA – Research Report), with a price target of $3.25. The company’s shares closed yesterday at $2.81.
Spillane covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, Zevia PBC, and Colgate-Palmolive. According to TipRanks, Spillane has an average return of 4.0% and a 55.30% success rate on recommended stocks.
In addition to Bank of America Securities, Zevia PBC also received a Hold from Goldman Sachs’s Bonnie Herzog in a report issued yesterday. However, on July 26, Loop Capital Markets maintained a Buy rating on Zevia PBC (NYSE: ZVIA).
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The company has a one-year high of $5.49 and a one-year low of $2.40. Currently, Zevia PBC has an average volume of 220.1K.
Based on the recent corporate insider activity of 43 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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