Allbirds’ (BIRD) “Outperform” Rating Reiterated at Robert W. Baird

Robert W. Baird reissued their outperform rating on shares of Allbirds (NASDAQ:BIRDGet Rating) in a research note published on Wednesday, Marketbeat Ratings reports. Robert W. Baird currently has a $9.00 price target on the stock.

A number of other analysts have also recently weighed in on BIRD. Piper Sandler initiated coverage on shares of Allbirds in a research note on Friday, July 22nd. They set an overweight rating and a $10.00 target price on the stock. Wedbush initiated coverage on shares of Allbirds in a research note on Thursday, April 28th. They issued an outperform rating and a $8.00 price objective on the stock. Cowen reduced their price objective on shares of Allbirds from $16.00 to $7.00 in a research note on Wednesday, May 11th. Berenberg Bank reissued a hold rating and issued a $5.00 price objective on shares of Allbirds in a research note on Friday, May 20th. Finally, Cowen dropped their target price on shares of Allbirds from $16.00 to $7.00 in a report on Wednesday, May 11th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $11.86.

Allbirds Trading Up 6.2 %

Shares of NASDAQ:BIRD opened at $5.27 on Wednesday. Allbirds has a 52-week low of $3.64 and a 52-week high of $32.44. The company has a 50-day simple moving average of $4.87 and a 200 day simple moving average of $6.41.

Allbirds (NASDAQ:BIRDGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.03). The business had revenue of $62.76 million for the quarter, compared to analysts’ expectations of $61.97 million. During the same period in the previous year, the business earned ($0.25) EPS. The firm’s revenue was up 26.4% on a year-over-year basis. On average, equities research analysts anticipate that Allbirds will post -0.47 earnings per share for the current year.

Insider Activity

In related news, CEO Timothy O. Brown acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were purchased at an average price of $4.86 per share, for a total transaction of $243,000.00. Following the completion of the acquisition, the chief executive officer now owns 50,000 shares of the company’s stock, valued at $243,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 31.93% of the company’s stock.

Institutional Investors Weigh In On Allbirds

Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP acquired a new stake in shares of Allbirds in the 1st quarter worth about $1,123,000. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Allbirds in the 4th quarter worth about $3,720,000. Wesbanco Bank Inc. acquired a new stake in shares of Allbirds in the 1st quarter worth about $116,000. Advisor Group Holdings Inc. acquired a new stake in shares of Allbirds in the 4th quarter worth about $253,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Allbirds in the 4th quarter worth about $162,000. Institutional investors and hedge funds own 26.75% of the company’s stock.

Allbirds Company Profile

(Get Rating)

Allbirds, Inc manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks.

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Analyst Recommendations for Allbirds (NASDAQ:BIRD)

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