Allbirds (NASDAQ:BIRD) Stock Rating Lowered by Telsey Advisory Group

Allbirds (NASDAQ:BIRD – Get Rating) was downgraded by research analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, PriceTargets.com reports.

Other equities analysts have also issued research reports about the stock. Robert W. Baird lowered shares of Allbirds from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $2.00 in a research note on Friday, March 10th. Wedbush downgraded Allbirds from an “outperform” rating to a “neutral” rating and set a $3.00 price target on the stock. in a report on Monday, March 6th. BTIG Research assumed coverage on Allbirds in a research report on Monday, February 6th. They set a “neutral” rating on the stock. Piper Sandler decreased their price objective on Allbirds from $4.00 to $3.00 in a research report on Friday, March 10th. Finally, Morgan Stanley dropped their target price on Allbirds from $4.00 to $1.00 in a report on Monday, April 24th. Twelve investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.64.

Get Allbirds alerts:

Allbirds Stock Up 4.2 %

Shares of Allbirds stock opened at $1.24 on Tuesday. Allbirds has a 12-month low of $1.03 and a 12-month high of $6.12. The firm has a market capitalization of $185.95 million, a PE ratio of -1.80 and a beta of 1.56. The stock’s fifty day moving average is $1.54 and its 200-day moving average is $2.35.

Allbirds (NASDAQ:BIRD – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.03). Allbirds had a negative return on equity of 24.47% and a negative net margin of 34.04%. The company had revenue of $84.18 million for the quarter, compared to analyst estimates of $96.55 million. Analysts expect that Allbirds will post -0.81 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Michael J. Bufano sold 10,570 shares of the company’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $2.82, for a total transaction of $29,807.40. Following the completion of the sale, the chief financial officer now owns 323,188 shares in the company, valued at approximately $911,390.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Michael J. Bufano sold 10,570 shares of Allbirds stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $2.82, for a total value of $29,807.40. Following the transaction, the chief financial officer now owns 323,188 shares of the company’s stock, valued at $911,390.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dan Levitan bought 75,796 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average price of $1.08 per share, for a total transaction of $81,859.68. Following the completion of the purchase, the director now directly owns 106,283 shares in the company, valued at approximately $114,785.64. The disclosure for this purchase can be found here. Insiders have sold 65,653 shares of company stock valued at $182,023 over the last three months. 31.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Allbirds

Several large investors have recently made changes to their positions in BIRD. Aspiriant LLC bought a new position in Allbirds in the 4th quarter worth approximately $26,000. Point72 Middle East FZE acquired a new stake in shares of Allbirds in the fourth quarter worth $28,000. Centaurus Financial Inc. bought a new position in Allbirds during the third quarter worth $31,000. Victory Capital Management Inc. acquired a new position in Allbirds during the 3rd quarter valued at $32,000. Finally, Advisors Preferred LLC grew its position in Allbirds by 226.3% in the 4th quarter. Advisors Preferred LLC now owns 14,323 shares of the company’s stock worth $32,000 after purchasing an additional 9,934 shares during the last quarter. Institutional investors and hedge funds own 33.14% of the company’s stock.

Allbirds Company Profile

(Get Rating)

Allbirds, Inc manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks.

Featured Articles

• Get a free copy of the StockNews.com research report on Allbirds (BIRD)
• Starbucks Stock Becomes a Value Play
• Kraft Heinz Recovery Gains Momentum 
• Here’s Why AMD’s Weak Guidance Is A Blessing In Disguise
• BP Shares Sold Off After Earnings: Here Is What Upset Markets
• Will Forced Divesture Of Grail Boost Illumina Shareholder Value?

Receive News & Ratings for Allbirds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allbirds and related companies with MarketBeat.com's FREE daily email newsletter.