Loop Capital Markets analyst Alton Stump maintained a Buy rating on Zevia PBC (ZVIA – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $1.73.
According to TipRanks, Stump is a 4-star analyst with an average return of 7.5% and a 60.82% success rate. Stump covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, McDonald’s, and Cracker Barrel.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zevia PBC with a $4.00 average price target.
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Based on Zevia PBC’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $43.09 million and a GAAP net loss of $8.22 million. In comparison, last year the company earned a revenue of $44.24 million and had a GAAP net loss of $7.48 million
Based on the recent corporate insider activity of 38 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 (ZVIA) Company Description:
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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