Allbirds (NASDAQ:BIRD) Cut to Sell at Wall Street Zen

Key Points

• Allbirds has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating a negative outlook on the stock.
• The company's stock is currently trading at $5.90, with a twelve-month high of $12.85 and a low of $3.93, reflecting volatility and investor uncertainty.
• Despite a recent quarterly earnings report showing a revenue of $39.69 million, Allbirds continues to struggle with a negative return on equity and a consensus forecast of -11.87 EPS for the current year.

Allbirds (NASDAQ:BIRD - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday.

Other research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Allbirds in a research report on Wednesday. Morgan Stanley lifted their target price 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 research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Allbirds presently has an average rating of "Hold" and a consensus target price of $11.00.

Allbirds Stock Down 5.8%

BIRD stock opened at $5.90 on Friday. Allbirds has a twelve month low of $3.93 and a twelve month high of $12.85. The company has a quick ratio of 1.41, a current ratio of 2.55 and a debt-to-equity ratio of 0.07. The stock has a market cap of $48.09 million, a P/E ratio of -0.56 and a beta of 1.84. The business's 50-day moving average price is $6.60 and its 200-day moving average price is $7.47.

Allbirds (NASDAQ:BIRD - Get Free Report) last posted 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. Allbirds had a negative return on equity of 87.92% and a negative net margin of 49.36%.The firm had revenue of $39.69 million for the quarter, compared to analysts' expectations of $38.44 million. Allbirds has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Allbirds will post -11.87 EPS for the current year.

Institutional Trading of Allbirds

An institutional investor recently bought a new position in Allbirds stock. PDT Partners LLC acquired a new position in Allbirds, Inc. (NASDAQ:BIRD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,799 shares of the company's stock, valued at approximately $76,000. PDT Partners LLC owned about 0.15% of Allbirds at the end of the most recent reporting period. 44.07% of the stock is owned by institutional investors.

Allbirds Company Profile

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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