Renaissance Technologies LLC Purchases 39,000 Shares of Zevia PBC (NYSE:ZVIA)

Renaissance Technologies LLC increased its position in Zevia PBC (NYSE:ZVIA) by 128.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,300 shares of the company’s stock after purchasing an additional 39,000 shares during the period. Renaissance Technologies LLC owned approximately 0.10% of Zevia PBC worth $47,000 at the end of the most recent reporting period.

Insider Buying and Selling at Zevia PBC

In related news, major shareholder White Pine Llc sold 26,510 shares of Zevia PBC stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $1.18, for a total transaction of $31,281.80. Following the completion of the sale, the insider now owns 1,577,628 shares of the company’s stock, valued at $1,861,601.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.55% of the stock is owned by insiders.

Zevia PBC Stock Performance

ZVIA opened at $1.14 on Tuesday. The company’s 50-day simple moving average is $1.05 and its two-hundred day simple moving average is $0.95. Zevia PBC has a 52-week low of $0.62 and a 52-week high of $2.42. The stock has a market capitalization of $82.42 million, a P/E ratio of -2.38 and a beta of 0.68.

Zevia PBC (NYSE:ZVIA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $40.43 million during the quarter, compared to analyst estimates of $39.59 million. Zevia PBC had a negative net margin of 16.98% and a negative return on equity of 44.31%. During the same period last year, the firm posted ($0.08) EPS. Research analysts forecast that Zevia PBC will post -0.36 EPS for the current fiscal year.

About Zevia PBC

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.