Wall Street Zen Downgrades Allbirds (NASDAQ:BIRD) to Sell

Allbirds (NASDAQ:BIRD) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

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

Allbirds Price Performance

Shares of BIRD opened at $6.00 on Friday. Allbirds has a 52-week low of $3.93 and a 52-week high of $12.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.41 and a current ratio of 2.55. The business’s 50 day moving average price is $6.55 and its two-hundred day moving average price is $7.80. The firm has a market cap of $48.90 million, a PE ratio of -0.58 and a beta of 1.91.

Allbirds (NASDAQ:BIRD) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($2.49) EPS for the quarter, topping the consensus estimate of ($2.64) by $0.15. The company had revenue of $32.99 million during the quarter, compared to the consensus estimate of $34.25 million. Allbirds had a negative net margin of 51.90% and a negative return on equity of 97.76%. Allbirds has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that Allbirds will post -11.87 EPS for the current year.

Institutional Trading of Allbirds

A number of institutional investors and hedge funds have recently modified their holdings of BIRD. PDT Partners LLC bought a new position in Allbirds during the first quarter valued at about $76,000. Vanguard Group Inc. boosted its stake in Allbirds by 4.9% in the third quarter. Vanguard Group Inc. now owns 243,983 shares of the company’s stock valued at $1,383,000 after acquiring an additional 11,459 shares during the last quarter. Performa Ltd US LLC bought a new position in shares of Allbirds during the 3rd quarter valued at approximately $74,000. Tenzing Global Management LLC bought a new position in shares of Allbirds during the 2nd quarter valued at approximately $3,762,000. Finally, Finley Financial LLC purchased a new stake in shares of Allbirds during the 3rd quarter worth approximately $28,000. 44.07% of the stock is owned by hedge funds and other institutional investors.

About Allbirds

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.