Emerald Advisers LLC recently announced the acquisition of new stake in Zevia PBC (NYSE:ZVIA). The institutional investor has increased its shareholding in the Consumer Defensive company by 62.28% to 1.24 million shares with purchase of 0.47 million shares. This fresh investment now brings its stake to 2.81% valued currently at $5.06 million. In addition, Champlain Investment Partners LLC raised its holdings by 6690.0 to 1.21 million shares. And Emerald Mutual Fund Advisers Trus has lifted its position by 45.29% or 0.29 million shares – to 0.94 million shares.
With over 0.17 million Zevia PBC (ZVIA) shares trading Monday and a closing price of $4.77 on the day, the dollar volume was approximately $0.81 million. The shares have shown a positive half year performance of 35.90% and its price on 01/23/23 gained nearly 9.91%. Currently, there are 44.07M common shares owned by the public and among those 40.20M shares have been available to trade.
Insiders at the company have transacted a total of 46 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 1,079,553 shares. Insider sales of the common stock occurred on 26 occasions, with total insider shares sold totaling 513,919 shares.
The top 3 mutual fund holders in Zevia PBC are Caisse de Dépôt & Placement du Qu, Vanguard Extended Market Index Fu, and Advisors Inner Circle II – Champl. Caisse de Dépôt & Placement du Qu owns 22.02 million shares of the company’s stock, all valued at over $90.07 million. The company bought an additional 22.02 million shares recently to bring their total holdings to about 49.97% of the shares outstanding. Vanguard Extended Market Index Fu bought 850.0 shares to see its total holdings expand to 0.58 million shares valued at over $2.38 million and representing 1.32% of the shares outstanding. Advisors Inner Circle II – Champl now owns shares totaling to 1.21% of the shares outstanding.
Shares of Zevia PBC (NYSE: ZVIA) opened at $4.36, up $0.02 from a prior closing price of $4.34. However, the script later moved the day high at 4.8500, up 9.91%. The company’s stock has a 5-day price change of 6.00% and 27.88% over the past three months. ZVIA shares are trading 16.63% year to date (YTD), with the 12-month market performance down to -36.32% lower. It has a 12-month low price of $1.86 and touched a high of $10.39 over the same period. ZVIA has an average intraday trading volume of 144.42K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.99%, 16.98%, and 25.50% respectively.
Institutional ownership of Zevia PBC (NYSE: ZVIA) shares accounts for 68.60% of the company’s 44.07M shares outstanding. Mutual fund holders own 15.92%, while other institutional holders and individual stakeholders account for 57.11% and 10.06% respectively.
It has a market capitalization of $325.55M. The earnings-per-share (ttm) stands at -$1.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.89% over the week and 7.92% over the month.
Analysts forecast that Zevia PBC (ZVIA) will achieve an EPS of -$0.2 for the current quarter, -$0.19 for the next quarter and -$0.61 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.28 while analysts give the company a high EPS estimate of -$0.13. Comparatively, EPS for the current quarter was -$0.12 a year ago. Earnings per share for the fiscal year are expected to decrease by -203.40%, and 35.20% over the next financial year.