Allbirds (NASDAQ:BIRD) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Allbirds (NASDAQ:BIRD) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley increased their price target on Allbirds from $5.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Allbirds in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.00.

Allbirds Trading Up 4.9%

NASDAQ:BIRD opened at $6.19 on Friday. Allbirds has a 1-year low of $3.93 and a 1-year high of $12.85. The business’s 50-day moving average price is $6.53 and its two-hundred day moving average price is $7.49. The company has a current ratio of 2.55, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $50.45 million, a price-to-earnings ratio of -0.59 and a beta of 1.84.

Allbirds (NASDAQ:BIRD) last released its earnings results on Thursday, August 7th. The company reported ($1.92) earnings per share for the quarter, beating the consensus estimate of ($2.78) by $0.86. Allbirds had a negative return on equity of 87.92% and a negative net margin of 49.36%.The firm had revenue of $39.69 million for the quarter, compared to analyst estimates of $38.44 million. Allbirds has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that Allbirds will post -11.87 earnings per share for the current year.

Institutional Trading of Allbirds

An institutional investor recently bought a new position in Allbirds stock. Tenzing Global Management LLC acquired a new position in shares of Allbirds, Inc. (NASDAQ:BIRD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 353,919 shares of the company’s stock, valued at approximately $3,762,000. Allbirds accounts for approximately 2.4% of Tenzing Global Management LLC’s portfolio, making the stock its 14th largest position. Tenzing Global Management LLC owned 4.39% of Allbirds at the end of the most recent reporting period. 44.07% of the stock is currently owned by hedge funds and other institutional investors.

Allbirds Company Profile

Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.