Allbirds (NASDAQ:BIRD) Stock Price Up 1.5% – What’s Next?
by Michael Walen · The Markets DailyAllbirds, Inc. (NASDAQ:BIRD – Get Free Report) shot up 1.5% during trading on Tuesday . The stock traded as high as $4.30 and last traded at $4.07. 73,124 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 83,372 shares. The stock had previously closed at $4.01.
Analysts Set New Price Targets
A number of brokerages recently weighed in on BIRD. Wall Street Zen downgraded shares of Allbirds from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Allbirds in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.00.
Check Out Our Latest Report on BIRD
Allbirds Stock Performance
The stock has a market capitalization of $33.67 million, a price-to-earnings ratio of -0.40 and a beta of 1.95. The company’s fifty day simple moving average is $5.39 and its 200 day simple moving average is $7.20. The company has a quick ratio of 1.10, a current ratio of 2.37 and a debt-to-equity ratio of 0.24.
Allbirds (NASDAQ:BIRD – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($2.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.64) by $0.15. Allbirds had a negative net margin of 51.90% and a negative return on equity of 108.35%. The company had revenue of $32.99 million during the quarter, compared to analysts’ expectations of $34.25 million. On average, equities research analysts expect that Allbirds, Inc. will post -11.87 earnings per share for the current year.
Institutional Trading of Allbirds
Several hedge funds have recently added to or reduced their stakes in the company. Finley Financial LLC bought a new stake in Allbirds in the 3rd quarter valued at $28,000. Susquehanna International Group LLP acquired a new stake in shares of Allbirds during the third quarter worth $59,000. PDT Partners LLC acquired a new position in shares of Allbirds in the first quarter valued at about $76,000. Performa Ltd US LLC acquired a new position in shares of Allbirds in the third quarter valued at about $74,000. Finally, Vanguard Group Inc. increased its position in Allbirds by 4.9% during the third quarter. Vanguard Group Inc. now owns 243,983 shares of the company’s stock worth $1,383,000 after acquiring an additional 11,459 shares during the period. 44.07% of the stock is owned by institutional investors and hedge funds.
Allbirds Company Profile
Allbirds, Inc is a sustainable lifestyle company specializing in environmentally friendly footwear and apparel. The company’s core business centers on designing, manufacturing, and selling shoes that leverage natural and recycled materials to minimize ecological impact. Allbirds’ product portfolio includes lifestyle sneakers, running shoes, and casual slip-ons, all engineered for comfort, durability, and low carbon footprint.
The company’s signature offerings include the Wool Runner series, crafted from New Zealand merino wool, and the Tree line, which uses eucalyptus fiber.