Allbirds (NASDAQ:BIRD) Upgraded by Wall Street Zen to “Hold” Rating

Allbirds (NASDAQ:BIRD) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Separately, Morgan Stanley raised their price target on Allbirds from $5.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Allbirds currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Allbirds Trading Up 0.3%

NASDAQ:BIRD opened at $6.13 on Friday. Allbirds has a 1-year low of $3.93 and a 1-year high of $13.43. The business’s 50-day moving average price is $8.59 and its two-hundred day moving average price is $7.46. 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 $49.96 million, a price-to-earnings ratio of -0.58 and a beta of 1.87.

Allbirds (NASDAQ:BIRD) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($1.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.78) by $0.86. Allbirds had a negative return on equity of 87.92% and a negative net margin of 49.36%.The company had revenue of $39.69 million during the quarter, compared to the consensus estimate of $38.44 million. Allbirds has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that Allbirds will post -11.87 earnings per share for the current year.

Institutional Investors Weigh In On Allbirds

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in Allbirds during the 4th quarter worth approximately $104,000. Cubist Systematic Strategies LLC purchased a new stake in Allbirds during the 4th quarter worth approximately $70,000. Jacobs Levy Equity Management Inc. increased its stake in Allbirds by 262.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 42,521 shares of the company’s stock worth $296,000 after buying an additional 30,791 shares during the period. PDT Partners LLC purchased a new stake in Allbirds during the 1st quarter worth approximately $76,000. Finally, Tenzing Global Management LLC purchased a new stake in Allbirds during the 2nd quarter worth approximately $3,762,000. 44.07% of the stock is owned by hedge funds and other institutional investors.

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.