Allbirds (NASDAQ:BIRD) Upgraded at Wall Street Zen

Key Points

• Allbirds NASDAQ:BIRD has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen analysts, indicating a slightly more favorable outlook for the company's stock.
• The stock currently has a consensus target price of $11.00 amidst mixed ratings from analysts, with one "buy," one "hold," and one "sell" rating.
• In its latest earnings report, Allbirds exceeded expected revenues, posting $39.69 million against a consensus estimate of $38.44 million, though it reported a loss of ($1.92) EPS.

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

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Allbirds in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on Allbirds from $5.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.00.

Allbirds Price Performance

BIRD stock opened at $6.90 on Friday. The stock has a 50-day moving average price of $6.32 and a two-hundred day moving average price of $7.49. Allbirds has a 12-month low of $3.93 and a 12-month high of $12.85. 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 company has a market cap of $56.24 million, a PE ratio of -0.65 and a beta of 1.84.

Allbirds (NASDAQ:BIRD - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($1.92) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $39.69 million during the quarter, compared to the consensus estimate of $38.44 million. Allbirds has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Allbirds will post -11.87 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Allbirds stock. Tenzing Global Management LLC acquired a new stake in shares of Allbirds, Inc. (NASDAQ:BIRD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 353,919 shares of the company's stock, valued at approximately $3,762,000. Allbirds makes up about 2.4% of Tenzing Global Management LLC's holdings, making the stock its 14th biggest holding. Tenzing Global Management LLC owned about 4.39% 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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