In a report released today, Alton Stump from Loop Capital Markets maintained a Buy rating on Zevia PBC (ZVIA – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $3.21.
Stump covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, Jack In The Box, and Papa John’s International. According to TipRanks, Stump has an average return of 10.0% and a 66.67% success rate on recommended stocks.
Currently, the analyst consensus on Zevia PBC is a Moderate Buy with an average price target of $4.36.
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ZVIA market cap is currently $298.8M and has a P/E ratio of -5.50.
Based on the recent corporate insider activity of 44 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.
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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.
Read More on ZVIA:
- Zevia (NYSE:ZVIA) Tanks after Slashing Outlook Amid Supply Chain Woes
- Zevia downgraded to Market Perform from Outperform at Telsey Advisory
- Zevia downgraded to Neutral from Buy at Goldman Sachs
- Zevia falls 10% to $3.80 after negative Q2 revenue pre-announcement
- Zevia cuts Q2 revenue view to $42M from $48M-$51M
