Allbirds (NASDAQ:BIRD) Raised to Hold at Wall Street Zen

Allbirds (NASDAQ:BIRDGet Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Other research analysts have also issued reports about the stock. Morgan Stanley raised 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. Weiss Ratings restated a “sell (d-)” rating on shares of Allbirds in a research note on Wednesday, October 8th. One equities research 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’s stock. According to data from MarketBeat, Allbirds presently has an average rating of “Hold” and a consensus price target of $11.00.

Read Our Latest Analysis on Allbirds

Allbirds Trading Up 2.9%

NASDAQ BIRD opened at $7.10 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.55 and a debt-to-equity ratio of 0.07. Allbirds has a 52 week low of $3.93 and a 52 week high of $12.85. The business has a 50 day moving average price of $6.33 and a 200-day moving average price of $7.51. The company has a market cap of $57.84 million, a price-to-earnings ratio of -0.67 and a beta of 1.84.

Allbirds (NASDAQ:BIRDGet Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($1.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.78) by $0.86. The firm had revenue of $39.69 million for the quarter, compared to analyst estimates of $38.44 million. Allbirds had a negative net margin of 49.36% and a negative return on equity of 87.92%. Allbirds has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Allbirds will post -11.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Allbirds

An institutional investor recently bought a new position in Allbirds stock. PDT Partners LLC acquired a new stake in shares of Allbirds, Inc. (NASDAQ:BIRDFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,799 shares of the company’s stock, valued at approximately $76,000. PDT Partners LLC owned 0.15% of Allbirds at the end of the most recent quarter. Hedge funds and other institutional investors own 44.07% of the company’s stock.

About Allbirds

(Get Free Report)

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.

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