What Happened?

Shares of beverage company Zevia (NYSE: ZVIA) jumped 6.6% in the morning session after Telsey Advisory Group issued a positive "Outperform" rating on the stock. This rating indicated that the advisory firm's analysts expected Zevia's stock to perform better than the overall market. Such a positive outlook from a financial firm often boosts investor confidence in a company's prospects. This can lead to increased buying activity from investors, which helped push the share price higher.

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What Is The Market Telling Us

Zevia’s shares are extremely volatile and have had 41 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 8 months ago when the stock gained 44.6% on the news that the company reported strong first quarter 2025 results which significantly beat analysts' EBITDA expectations and saw EPS outperform Wall Street's estimates. Sales dipped 2% year over year, but volumes stayed flat and pricing remained stable, helped by expanded shelf space at Walmart and offset by reduced exposure to the club channel and one mass retail customer. Zooming out, we think this was a solid print.

Zevia is flat since the beginning of the year, and at $2.02 per share, it is trading 58.3% below its 52-week high of $4.83 from January 2025. Investors who bought $1,000 worth of Zevia’s shares at the IPO in July 2021 would now be looking at an investment worth $147.62.

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