Allbirds Price Performance
NASDAQ:BIRD opened at $2.85 on Thursday. The company has a 50-day moving average of $2.63 and a 200-day moving average of $3.11. The business has a market cap of $425.65 million, a PE ratio of -4.67 and a beta of 1.96. Allbirds has a one year low of $2.14 and a one year high of $7.70.
Wall Street Analysts Forecast Growth
Several equities research study experts have actually just recently discussed the stock. Morgan Stanley reduced their target cost on shares of Allbirds from $5.00 to $4.00 and set an “equivalent weight” ranking for the business in a research study report on Tuesday, November 22nd. Stifel Nicolaus reduced their target cost on shares of Allbirds from $5.00 to $4.00 in a research study report on Wednesday, November 9th. Robert W. Baird reduced their target cost on shares of Allbirds from $8.00 to $7.00 and set an “outperform” ranking for the business in a research study report on Wednesday, November 9th. BTIG Research presumed protection on shares of Allbirds in a research study report on Monday, February sixth. They provided a “neutral” ranking for the business. Finally, Piper Sandler devalued shares of Allbirds from an “obese” ranking to a “neutral” ranking and decreased their cost goal for the stock from $5.00 to $4.00 in a research study report on Thursday, January 5th. Seven research study experts have actually ranked the stock with a hold ranking and 5 have actually provided a buy ranking to the stock. According to information from MarketBeat.com, Allbirds currently has an agreement ranking of “Hold” and an agreement target cost of $5.64.
Insider Buying and Selling at Allbirds
In other Allbirds news, CEO Joseph Zwillinger offered 92,643 shares of the business’s stock in a deal dated Friday, January 27th. The shares were cost a typical cost of $2.78, for an overall worth of $257,547.54. The deal was divulged in a legal filing with the SEC, which is available through this hyperlink. Insiders have actually offered an overall of 151,235 shares of business stock worth $419,621 over the last 3 months. 31.93% of the stock is presently owned by experts.
Institutional Inflows and Outflows
A variety of hedge funds and other institutional financiers have actually just recently contributed to or decreased their stakes in the stock. Point72 Middle East FZE acquired a brand-new stake in shares of Allbirds throughout the fourth quarter valued at around $28,000. Virtu Financial LLC acquired a brand-new stake in shares of Allbirds throughout the fourth quarter valued at around $90,000. AQR Capital Management LLC acquired a brand-new stake in shares of Allbirds throughout the fourth quarter valued at around $202,000. Two Sigma Investments LP raised its stake in shares of Allbirds by 71.5% throughout the fourth quarter. Two Sigma Investments LP now owns 1,015,157 shares of the business’s stock valued at $2,457,000 after purchasing an extra 423,331 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Allbirds by 1.9% throughout the fourth quarter. Charles Schwab Investment Management Inc. now owns 256,937 shares of the business’s stock valued at $622,000 after purchasing an extra 4,831 shares in the last quarter. 33.14% of the stock is presently owned by hedge funds and other institutional financiers.
About Allbirds
Allbirds, Inc makes and offers shoes and garments items for males and females. It provides shoes, such as running shoes, daily tennis shoes, high-tops, slip-ons, boat shoes, flats, weather condition repellent shoes, and shoes. The business’s garments items consist of activewear, tops, bottoms, gowns, sweatshirts, underclothing, and socks.
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