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Zevia PBC (NYSE: ZVIA) Given the brokerage firms’ consensus’ buy ‘recommendation

Shares of Zevia PBC (NYSE: ZVIA) have received a consensus rating of “Buy” from the nine brokerages that currently cover the company, reports Marketbeat Ratings. Four equity research analysts rated the stock with a conservation rating and five gave the company a buy rating. The 12-month average price target among analysts who issued ratings on the stock in the past year is $ 17.56.

ZVIA has been the subject of a number of recent analyst reports. Telsey Advisory Group lowered its price target on Zevia PBC shares from $ 15.00 to $ 14.00 and set an “outperformance” rating for the company in a report released on Monday, November 15. Loop Capital assumed coverage of Zevia PBC shares in a research report on Monday, October 18. They set a “buy” rating and a price target of $ 16.00 for the company. Wells Fargo & Company downgraded Zevia PBC’s stock from an “overweight” to a “peer-to-peer” rating and lowered its price target for the company from $ 16.00 to $ 11.00 in a report. research published on Monday, November 15. Finally, Zacks Investment Research upgraded Zevia PBC shares from a “sell” rating to a “hold” rating in a Wednesday, December 1 research note.

ZVIA shares opened at $ 7.46 on Thursday. The 50-day moving average for the stock is $ 8.17. Zevia PBC has a 52 week low of $ 6.43 and a 52 week high of $ 17.50.

Zevia PBC (NYSE: ZVIA) last released its quarterly results on Friday, November 12. The company reported ($ 0.75) earnings per share for the quarter, missing Zacks’ consensus estimate of $ 0.01 ($ 0.76). The company posted revenue of $ 38.96 million for the quarter, compared to analysts’ expectations of $ 41.30 million. Equity analysts expect Zevia PBC to post earnings per share of -1.96 for the current fiscal year.

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Several institutional investors have recently bought and sold shares of ZVIA. Strs Ohio purchased a new stake in Zevia PBC in the third quarter for a value of approximately $ 27,000. Point72 Hong Kong Ltd acquired a new position in Zevia PBC during the 3rd quarter for a value of approximately $ 32,000. California State Teachers Retirement System acquired a new position in shares of Zevia PBC during the 3rd quarter valued at approximately $ 64,000. American International Group Inc. purchased a new position in Zevia PBC shares in the third quarter valued at approximately $ 65,000. Finally, Deutsche Bank AG purchased a new position in Zevia PBC shares in the third quarter valued at approximately $ 68,000. Institutional investors hold 52.96% of the company’s shares.

Zevia PBC Company Profile

Zevia PBC has focused on solving health problems resulting from excessive sugar consumption by offering a portfolio of sugar-free, calorie-free and naturally sweet drinks. Zevia PBC is based in LOS ANGELES.

Feature article: Book value per share – BVPS

Analyst Recommendations for Zevia PBC (NYSE: ZVIA)

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