Zevia PBC (NYSE:ZVIA) Rating Lowered to "Hold" at Zacks Research
Zacks Research downgraded Zevia PBC (NYSE:ZVIA) from a "strong-buy" to a "hold" rating. Other analysts have mixed views, with Telsey Advisory Group maintaining an "outperform" rating and a $6.00 target price, while Morgan Stanley raised its price target to $2.70. The stock has a consensus rating of "Hold" and an average price target of $4.61. Zevia PBC reported a quarterly revenue of $40.84 million, exceeding estimates, and has a market cap of $197.87 million. The stock opened at $2.64, with a 52-week range of $1.06 to $4.99.
Zevia PBC (NYSE:ZVIA - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.
A number of other research analysts also recently commented on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $6.00 target price on shares of Zevia PBC in a research report on Thursday. Morgan Stanley increased their price objective on shares of Zevia PBC from $2.50 to $2.70 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Zevia PBC in a research note on Wednesday, October 8th. Finally, BMO Capital Markets upped their target price on shares of Zevia PBC from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $4.61.
Get Our Latest Report on Zevia PBC
Zevia PBC Stock Performance
Shares of NYSE ZVIA opened at $2.64 on Wednesday. The company has a market cap of $197.87 million, a P/E ratio of -12.00 and a beta of 0.87. Zevia PBC has a 52-week low of $1.06 and a 52-week high of $4.99. The firm's fifty day moving average is $2.46 and its two-hundred day moving average is $2.74.
Zevia PBC (NYSE:ZVIA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02. Zevia PBC had a negative return on equity of 29.93% and a negative net margin of 8.83%.The firm had revenue of $40.84 million during the quarter, compared to analyst estimates of $39.33 million. Zevia PBC has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Zevia PBC will post -0.32 EPS for the current fiscal year.
Hedge Funds Weigh In On Zevia PBC
A number of large investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its stake in Zevia PBC by 2,701.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 544,099 shares of the company's stock worth $1,175,000 after purchasing an additional 524,675 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Zevia PBC by 950.8% during the first quarter. Acadian Asset Management LLC now owns 607,303 shares of the company's stock valued at $1,309,000 after buying an additional 549,508 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Zevia PBC in the second quarter worth approximately $467,000. Emerald Mutual Fund Advisers Trust lifted its stake in shares of Zevia PBC by 99.9% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 761,700 shares of the company's stock worth $2,453,000 after acquiring an additional 380,693 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in Zevia PBC during the 1st quarter valued at $67,000. 53.21% of the stock is owned by hedge funds and other institutional investors.
Zevia PBC Company Profile
(Get Free Report)Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated beverages in the United States and Canada. It offers soda, energy drinks, organic tea, and kidz drinks. The company offers its products through a network of food, drug, warehouse club, mass, natural, convenience, and e-commerce channels, as well as grocery distributors and natural product stores and specialty outlets.
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