In a report released today, Andrew Strelzik from BMO Capital maintained a Buy rating on Zevia PBC (ZVIA – Research Report), with a price target of $8.00. The company’s shares opened today at $4.33.
Strelzik covers the Services sector, focusing on stocks such as Domino’s Pizza, Dave & Busters Entertainment, and Brinker International. According to TipRanks, Strelzik has an average return of 6.5% and a 60.96% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zevia PBC with a $5.80 average price target.
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ZVIA market cap is currently $294.8M and has a P/E ratio of -3.23.
Based on the recent corporate insider activity of 40 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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