Allbirds (NASDAQ:BIRD) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Allbirds' stock has received a "sell (D-)" rating from Weiss Ratings, indicating cautious sentiment among analysts regarding its performance.
• Despite the negative rating, the consensus among analysts is a "Hold", with an average price target of $11.00 for the stock.
• Allbirds reported a quarterly earnings EPS of ($1.92), surpassing estimates, while revenue reached $39.69 million, exceeding analyst expectations.

Allbirds (NASDAQ:BIRD - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

BIRD has been the subject of several other reports. Wall Street Zen upgraded Allbirds from a "sell" rating to a "hold" rating in a research report on Sunday, October 19th. Morgan Stanley lifted their price target on Allbirds from $5.00 to $8.00 and gave the company an "equal weight" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $11.00.

Allbirds Stock Performance

Shares of NASDAQ:BIRD traded down $0.28 during trading on Friday, hitting $6.77. The stock had a trading volume of 29,572 shares, compared to its average volume of 60,201. Allbirds has a 12-month low of $3.93 and a 12-month high of $12.85. The stock has a market capitalization of $55.15 million, a price-to-earnings ratio of -0.64 and a beta of 1.84. 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 50-day simple moving average of $6.33 and a two-hundred day simple moving average of $7.52.

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

Hedge Funds Weigh In On Allbirds

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tenzing Global Management LLC bought a new position in Allbirds in the 2nd quarter valued at approximately $3,762,000. PDT Partners LLC raised its stake in shares of Allbirds by 30.0% during the second quarter. PDT Partners LLC now owns 15,344 shares of the company's stock valued at $163,000 after acquiring an additional 3,545 shares during the last quarter. Finally, Finley Financial LLC bought a new position in shares of Allbirds during the third quarter valued at $28,000. Institutional investors own 44.07% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.