292,800 Shares in Zevia PBC $ZVIA Bought by Bank of Montreal Can
Bank of Montreal Can acquired 292,800 shares of Zevia PBC, valued at $943,000, during the 2nd quarter. Other institutional investors also adjusted their positions in Zevia. Analysts have mixed ratings on the stock, with some upgrading their price targets. Zevia's stock opened at $2.50, with a market cap of $187 million. The company reported a quarterly revenue of $40.84 million, surpassing expectations. Zevia PBC develops and sells beverages in the US and Canada.
Bank of Montreal Can purchased a new position in shares of Zevia PBC (NYSE:ZVIA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 292,800 shares of the company's stock, valued at approximately $943,000. Bank of Montreal Can owned 0.39% of Zevia PBC at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Acadian Asset Management LLC grew its position 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 worth $1,309,000 after buying an additional 549,508 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Zevia PBC by 2,701.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 544,099 shares of the company's stock worth $1,175,000 after acquiring an additional 524,675 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in 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 in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Zevia PBC in the 2nd quarter valued at approximately $467,000. Finally, Tectonic Advisors LLC acquired a new stake in shares of Zevia PBC in the 2nd quarter valued at $315,000. Hedge funds and other institutional investors own 53.21% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on ZVIA shares. BMO Capital Markets boosted their target price on shares of Zevia PBC from $5.00 to $6.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Morgan Stanley upped their price objective on Zevia PBC from $2.50 to $2.70 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Telsey Advisory Group reiterated an "outperform" rating and issued a $6.00 price objective on shares of Zevia PBC in a report on Thursday, November 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Zevia PBC in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded Zevia PBC from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.61.
View Our Latest Research Report on ZVIA
Zevia PBC Trading Down 3.3%
ZVIA stock opened at $2.50 on Friday. The firm has a 50 day moving average of $2.45 and a 200-day moving average of $2.76. Zevia PBC has a 12-month low of $1.86 and a 12-month high of $4.99. The company has a market cap of $187.00 million, a price-to-earnings ratio of -11.34 and a beta of 0.87.
Zevia PBC (NYSE:ZVIA - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. Zevia PBC had a negative return on equity of 30.61% and a negative net margin of 8.83%.The business had revenue of $40.84 million for the quarter, compared to analysts' expectations of $39.33 million. Zevia PBC has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Zevia PBC will post -0.32 earnings per share for the current fiscal year.
Zevia PBC Company Profile
(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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