Wall Street Zen downgraded shares of Allbirds (NASDAQ:BIRD – Free Report) from a hold rating to a sell rating in a report published on Sunday.
Separately, Weiss Ratings raised Allbirds from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Allbirds has a consensus rating of “Reduce”.
Read Our Latest Report on Allbirds
Allbirds Price Performance
Allbirds (NASDAQ:BIRD – Get Free Report) last released its earnings results on Tuesday, August 18th. The company reported ($1.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.49) by $0.10. Allbirds had a negative return on equity of 231.86% and a negative net margin of 72.82%.The firm had revenue of $2.76 million during the quarter, compared to analyst estimates of $29.50 million.
Allbirds Announces Dividend
The firm also recently declared a special dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, June 25th were paid a dividend of $0.31 per share.
Insider Transactions at Allbirds
In other Allbirds news, CEO Nadia Catherine Carlsten sold 117,459 shares of Allbirds stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $4.21, for a total value of $494,502.39. Following the transaction, the chief executive officer directly owned 1,414,920 shares in the company, valued at approximately $5,956,813.20. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 122,405 shares of company stock worth $516,690. Company insiders own 18.76% of the company’s stock.
Institutional Investors Weigh In On Allbirds
Several hedge funds have recently made changes to their positions in the business. Performa Ltd US LLC increased its position in Allbirds by 36.2% in the 1st quarter. Performa Ltd US LLC now owns 25,000 shares of the company’s stock valued at $75,000 after acquiring an additional 6,650 shares during the period. Bridgeway Capital Management LLC lifted its position in Allbirds by 46.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 34,931 shares of the company’s stock worth $143,000 after acquiring an additional 11,100 shares during the period. Jane Street Group LLC acquired a new stake in Allbirds during the 4th quarter worth approximately $54,000. Susquehanna International Group LLP purchased a new position in shares of Allbirds in the 3rd quarter valued at approximately $59,000. Finally, Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 11,459 shares during the period. Institutional investors and hedge funds own 44.07% of the company’s stock.
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.
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