Allbirds (NASDAQ:BIRD) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Allbirds has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a more optimistic outlook on the stock.
• Morgan Stanley raised its price target for Allbirds shares from $5.00 to $8.00, signaling confidence in the company despite its recent performance.
• Allbirds reported a quarterly revenue of $39.69 million, exceeding analysts' expectations, yet its earnings per share were still negative at ($1.92).

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

Separately, Morgan Stanley lifted their target price on shares of Allbirds from $5.00 to $8.00 and gave the company an "equal weight" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.00.

Allbirds Trading Down 1.7%

Allbirds stock traded down $0.11 during trading on Friday, hitting $6.48. The company had a trading volume of 22,654 shares, compared to its average volume of 63,234. Allbirds has a 1-year low of $3.93 and a 1-year high of $18.33. 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's 50 day simple moving average is $10.09 and its 200-day simple moving average is $7.53. The stock has a market cap of $52.79 million, a price-to-earnings ratio of -0.61 and a beta of 1.90.

Allbirds (NASDAQ:BIRD - Get Free Report) last posted its earnings results 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. Allbirds had a negative net margin of 49.36% and a negative return on equity of 87.92%. The firm 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, analysts expect that Allbirds will post -11.87 EPS for the current fiscal year.

Insider Activity

In other news, CEO Joseph Vernachio sold 4,450 shares of Allbirds stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $7.15, for a total transaction of $31,817.50. Following the completion of the sale, the chief executive officer directly owned 98,032 shares of the company's stock, valued at approximately $700,928.80. The trade was a 4.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 30.67% of the company's stock.

Institutional Investors Weigh In On Allbirds

Several institutional investors have recently modified their holdings of BIRD. JPMorgan Chase & Co. lifted its position in Allbirds by 169.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,232 shares of the company's stock valued at $43,000 after acquiring an additional 3,919 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Allbirds during the fourth quarter worth about $70,000. PDT Partners LLC acquired a new position in shares of Allbirds during the first quarter worth about $76,000. Jane Street Group LLC acquired a new position in Allbirds during the fourth quarter worth about $104,000. Finally, Jacobs Levy Equity Management Inc. grew its position in Allbirds by 262.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 42,521 shares of the company's stock worth $296,000 after buying an additional 30,791 shares during the period. 44.07% of the stock is owned by hedge funds and other 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.