Allbirds (NASDAQ:BIRD) Trading Down 2% - Time to Sell?

Key Points

• Allbirds shares are currently trading down 2% at $6.32, with a slight increase in trading volume, reflecting investor caution.
• Analysts have mixed ratings on Allbirds, with a consensus rating of "Hold" and a target price averaging $11.00, highlighting potential for growth alongside concerns.
• Allbirds reported a net loss of $1.92 per share for the latest quarter, with revenue exceeding expectations, but a negative net margin of 49.36% raises doubts about its profitability.

Allbirds, Inc. (NASDAQ:BIRD - Get Free Report) was down 2% during mid-day trading on Monday . The stock traded as low as $6.21 and last traded at $6.32. Approximately 55,483 shares changed hands during trading, an increase of 0% from the average daily volume of 55,412 shares. The stock had previously closed at $6.45.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BIRD. Morgan Stanley lifted their target price on shares of Allbirds from $5.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Monday, August 11th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Allbirds in a research report on Saturday, September 27th. Finally, Wall Street Zen raised shares of Allbirds from a "sell" rating to a "hold" rating in a research note on Sunday, September 14th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $11.00.

Allbirds Stock Performance

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 $51.51 million, a PE ratio of -0.60 and a beta of 1.84. The firm's fifty day moving average price is $6.90 and its 200 day moving average price is $7.49.

Allbirds (NASDAQ:BIRD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($1.92) earnings per share for the quarter, beating the consensus estimate of ($2.78) by $0.86. The firm 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 87.92%. Allbirds has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts anticipate that Allbirds, Inc. will post -11.87 earnings per share for the current year.

Institutional Investors Weigh In On Allbirds

A hedge fund recently bought a new stake in Allbirds stock. PDT Partners LLC bought a new position in shares of Allbirds, Inc. (NASDAQ:BIRD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,799 shares of the company's stock, valued at approximately $76,000. PDT Partners LLC owned 0.15% of Allbirds at the end of the most recent quarter. 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.

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