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 Sunday morning.

A number of other analysts have also commented on BIRD. Morgan Stanley upped their price objective on shares of Allbirds from $5.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, August 11th. Weiss Ratings restated 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Allbirds Price Performance

NASDAQ BIRD opened at $4.76 on Friday. Allbirds has a 1 year low of $3.93 and a 1 year high of $12.85. The business’s fifty day moving average is $6.42 and its two-hundred day moving average is $7.82. The stock has a market capitalization of $39.08 million, a P/E ratio of -0.46 and a beta of 1.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.10 and a current ratio of 2.37.

Allbirds (NASDAQ:BIRD) last issued its earnings results on Thursday, November 6th. The company reported ($2.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.64) by $0.15. Allbirds had a negative return on equity of 108.35% and a negative net margin of 51.90%.The business had revenue of $32.99 million for the quarter, compared to analysts’ expectations of $34.25 million. Allbirds has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Allbirds will post -11.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Allbirds

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

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.