Allbirds (NASDAQ:BIRD) Lowered to Sell Rating by Wall Street Zen

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

Several other analysts have also recently issued reports on BIRD. Morgan Stanley increased their price target on shares of Allbirds from $5.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allbirds in a report on Wednesday. One equities research 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, the company presently has an average rating of “Hold” and a consensus target price of $11.00.

Allbirds Trading Down 5.8%

Shares of BIRD opened at $5.90 on Friday. The firm has a 50-day moving average price of $6.60 and a 200 day moving average price of $7.48. Allbirds has a 12-month low of $3.93 and a 12-month high of $12.85. 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 $48.06 million, a P/E ratio of -0.56 and a beta of 1.84.

Allbirds (NASDAQ:BIRD) last posted its 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 analysts’ expectations of $38.44 million. Allbirds has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that Allbirds will post -11.87 EPS for the current year.

Institutional Trading of Allbirds

An institutional investor recently bought a new position in Allbirds stock. PDT Partners LLC bought a new position in shares of Allbirds, Inc. (NASDAQ:BIRD) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 11,799 shares of the company’s stock, valued at approximately $76,000. PDT Partners LLC owned 0.15% of Allbirds as of its most recent filing with the SEC. Institutional investors and hedge funds own 44.07% of the company’s stock.

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.