Allbirds (NASDAQ:BIRD) Announces Quarterly Earnings Results

Key Points

• Allbirds reported a quarterly EPS of ($1.92), surpassing the consensus estimate of ($2.78) by $0.86, with revenues of $39.69 million compared to expectations of $38.44 million.
• The company's stock has experienced a significant drop, trading down 29.3% to $6.94, which affects its market capitalization of $55.94 million.
• Analysts have revised their ratings, with Morgan Stanley lowering its price target from $6.00 to $5.00, while Maxim Group set a new buy rating with a target of $14.00.

Allbirds (NASDAQ:BIRD - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($1.92) EPS for the quarter, beating the consensus estimate of ($2.78) by $0.86, Zacks reports. The company 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 81.03%. Allbirds updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Allbirds Trading Down 29.3%

NASDAQ BIRD traded down $2.87 during trading on Friday, reaching $6.94. The company's stock had a trading volume of 219,952 shares, compared to its average volume of 46,869. The stock has a market capitalization of $55.94 million, a PE ratio of -0.66 and a beta of 1.90. The business has a 50-day moving average price of $10.36 and a 200-day moving average price of $7.50. Allbirds has a 1-year low of $3.93 and a 1-year high of $18.33.

Analyst Ratings Changes

Several brokerages have recently issued reports on BIRD. Morgan Stanley lowered their price target on Allbirds from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Maxim Group assumed coverage on shares of Allbirds in a research report on Friday, April 11th. They set a "buy" rating and a $14.00 price objective for the company. Finally, Wall Street Zen lowered shares of Allbirds from a "hold" rating to a "sell" rating in a research note on Saturday.

Insider Buying and Selling

In other Allbirds news, CEO Joseph Vernachio sold 4,450 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $7.15, for a total transaction of $31,817.50. Following the transaction, the chief executive officer directly owned 98,032 shares of the company's stock, valued at $700,928.80. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 45.50% of the stock is owned by insiders.

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.

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