Allbirds (NASDAQ:BIRD) Issues 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 data on Thursday, August 7th. The company reported ($1.92) EPS for the quarter, beating the consensus estimate of ($2.78) by $0.86, Zacks reports. Allbirds had a negative return on equity of 87.92% and a negative net margin of 49.36%. The business had revenue of $39.69 million for the quarter, compared to the consensus estimate of $38.44 million. Allbirds updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Allbirds Price Performance

Shares of NASDAQ:BIRD traded down $0.08 during mid-day trading on Thursday, reaching $6.99. The stock had a trading volume of 84,403 shares, compared to its average volume of 72,861. The company has a current ratio of 2.55, a quick ratio of 1.80 and a debt-to-equity ratio of 0.07. The company has a market cap of $56.34 million, a P/E ratio of -0.66 and a beta of 1.90. Allbirds has a 1 year low of $3.93 and a 1 year high of $18.33. The business's 50 day moving average price is $10.30 and its 200 day moving average price is $7.51.

Insider Activity at Allbirds

In related news, CEO Joseph Vernachio sold 4,450 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $7.15, for a total value of $31,817.50. Following the sale, the chief executive officer directly owned 98,032 shares in the company, valued at approximately $700,928.80. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 30.67% of the company's stock.

Institutional Investors Weigh In On Allbirds

A hedge fund recently raised its stake in Allbirds stock. PDT Partners LLC increased its position in Allbirds, Inc. (NASDAQ:BIRD - Free Report) by 30.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,344 shares of the company's stock after buying an additional 3,545 shares during the period. PDT Partners LLC owned 0.19% of Allbirds worth $163,000 at the end of the most recent quarter. 44.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen downgraded Allbirds from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Morgan Stanley boosted their price objective on Allbirds from $5.00 to $8.00 and gave the company an "equal weight" rating in a research report on Monday.

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.