Allbirds (BIRD:NSD) is set to release its quarterly earnings after the market closes on Thursday, March 9th. Analysts are predicting earnings of ($0.12) per share for the quarter. Allbirds stock opened at $2.85 on Thursday and has a 50-day moving average of $2.63 and a 200-day moving average of $3.11. Allbirds has a market cap of $425.65 million, a PE ratio of -4.67, and a beta of 1.96. The company’s one year low is $2.14 and one year high is $7.70.
Allbirds Stock-Analyst Ratings:
Several equities research analysts have recently commented on Allbirds stock. Allbirds’ rating is presently a consensus “Buy” with a consensus target price of $5.38.
The company has been assigned an “equal weight” rating by Morgan Stanley, a “neutral” rating by BTIG Research, and a “outperform” rating by Robert W. Baird. Piper Sandler downgraded Allbirds from an “overweight” rating to a “neutral” rating and reduced their price objective for BIRD stock from $5.00 to $4.00 in a research report on Thursday, January 5th.
Allbirds Stock-Insider Transactions:
Allbirds CEO Joseph Zwillinger recently sold 92,643 shares of the company’s stock in a transaction dated January 27th.
The shares were sold at an average price of $2.78, for a total value of $257,547.54. Insiders have sold a total of 151,235 shares of BIRD stock worth $419,621 over the last three months.
31.93% of the stock is currently owned by insiders.
Hedge Funds & Institutional Holdings:
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in Allbirds. Point72 Middle East FZE purchased a new stake in shares of Allbirds during the 4th quarter, while Virtu Financial LLC purchased a new stake in shares of Allbirds during the same period.
AQR Capital Management LLC also purchased a new stake in shares of Allbirds during the 4th quarter. Two Sigma Investments LP lifted its stake in shares of Allbirds by 71.5% during the 4th quarter.
Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Allbirds by 1.9% during the 4th quarter.
33.14% of Allbirds stock is currently owned by hedge funds and other institutional investors.
Company Profile:
Allbirds, Inc. manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather-repellent shoes, and sandals.
The company’s apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks. It sells its products through its retail stores in the United States and internationally, as well as online.
Allbirds, Inc. was formerly known as Bozz, Inc. Allbirds, Inc. was incorporated in 2015 and is based in San Francisco, California.
