Allbirds (NASDAQ:BIRD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Allbirds (NASDAQ:BIRD) from a sell rating to a hold rating in a report issued on Sunday morning.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Allbirds in a research report on Wednesday, October 8th. Morgan Stanley lifted their price target on shares of Allbirds from $5.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, August 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.00.

Allbirds Trading Down 3.8%

NASDAQ:BIRD opened at $6.83 on Friday. Allbirds has a 12 month low of $3.93 and a 12 month high of $12.85. The firm has a market cap of $55.66 million, a price-to-earnings ratio of -0.65 and a beta of 1.84. The company has a quick ratio of 1.41, a current ratio of 2.55 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $6.33 and its 200-day moving average is $7.50.

Allbirds (NASDAQ:BIRD) last released its quarterly earnings results on Thursday, August 7th. The company reported ($1.92) EPS for the quarter, beating analysts’ consensus estimates of ($2.78) by $0.86. Allbirds had a negative net margin of 49.36% and a negative return on equity of 87.92%. The company 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. Equities analysts anticipate that Allbirds will post -11.87 EPS for the current year.

Hedge Funds Weigh In On Allbirds

An institutional investor recently bought a new position in Allbirds stock. Tenzing Global Management LLC bought a new position in shares of Allbirds, Inc. (NASDAQ:BIRD) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 353,919 shares of the company’s stock, valued at approximately $3,762,000. Allbirds accounts for about 2.4% of Tenzing Global Management LLC’s portfolio, making the stock its 14th biggest holding. Tenzing Global Management LLC owned about 4.39% of Allbirds at the end of the most recent reporting period. 44.07% of the stock is 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.