Allbirds (NASDAQ:BIRD) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen has downgraded Allbirds (NASDAQ:BIRD) from a "hold" to a "sell" rating, indicating a negative outlook from analysts.
• Morgan Stanley raised its price target for Allbirds from $5.00 to $8.00, maintaining an "equal weight" rating.
• Allbirds reported a quarterly EPS of ($1.92), exceeding estimates; however, it still reflects ongoing financial struggles with negative margins and return on equity.

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

Separately, Morgan Stanley upped their price objective 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 and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $11.00.

Allbirds Price Performance

Shares of BIRD stock traded up $0.04 during trading hours on Friday, hitting $6.11. The company had a trading volume of 83,576 shares, compared to its average volume of 48,586. Allbirds has a 12 month low of $3.93 and a 12 month high of $14.20. The firm has a market capitalization of $49.80 million, a price-to-earnings ratio of -0.58 and a beta of 1.87. The firm's fifty day moving average is $8.68 and its 200 day moving average is $7.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.41 and a current ratio of 2.55.

Allbirds (NASDAQ:BIRD - Get Free Report) last released 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. 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 for the quarter, compared to analyst estimates of $38.44 million. Allbirds has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Allbirds will post -11.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new position in shares of Allbirds in the 4th quarter worth approximately $70,000. PDT Partners LLC acquired a new position in shares of Allbirds in the 1st quarter worth approximately $76,000. Jane Street Group LLC acquired a new position in shares of Allbirds in the 4th quarter worth approximately $104,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Allbirds by 262.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 42,521 shares of the company's stock worth $296,000 after acquiring an additional 30,791 shares in the last quarter. Finally, Tenzing Global Management LLC acquired a new position in shares of Allbirds in the 2nd quarter worth approximately $3,762,000. 44.07% of the stock is owned by institutional investors and hedge funds.

About Allbirds

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.