Allbirds, Inc. (NASDAQ:BIRD – Get Rating) – Analysts at SecretCorp provided their FY2024 profits price quotes for Allbirds in a report launched on Thursday, March 9th. SecretCorp expert N. Zatzkin expects that the business will make ($0.64) per share for the year. The agreement quote for Allbirds’ existing full-year profits is ($0.47) per share.
BIRD has actually been the subject of a variety of other research study reports. BTIG Research started protection on shares of Allbirds in a research study note on Monday, February sixth. They provided a “neutral” ranking on the stock. Telsey Advisory Group reduced shares of Allbirds from an “outperform” ranking to a “market carry out” ranking and reduced their cost target for the stock from $4.00 to $2.25 in a report on Friday. Morgan Stanley reduced their cost target on shares of Allbirds from $5.00 to $4.00 and set an “equivalent weight” ranking on the stock in a report on Tuesday, November 22nd. Wedbush reduced shares of Allbirds from an “outperform” ranking to a “neutral” ranking and set a $3.00 cost target on the stock. in a report on Monday, March sixth. Finally, Robert W. Baird reduced shares of Allbirds from an “outperform” ranking to a “neutral” ranking in a report on Friday. Twelve equities research study experts have actually ranked the stock with a hold ranking and 2 have actually provided a buy ranking to the business’s stock. According to information from MarketBeat, the stock currently has a typical ranking of “Hold” and a typical target cost of $4.84.
Allbirds Price Performance
NASDAQ:BIRD opened at $1.25 on Monday. The company has a market capitalization of $186.69 million, a P/E ratio of -1.81 and a beta of 1.90. Allbirds has a 1-year low of $1.20 and a 1-year high of $6.85. The business’s fifty day moving typical cost is $2.67 and its 200-day moving typical cost is $2.99.
Institutional Inflows and Outflows
A variety of institutional financiers have actually just recently contributed to or lowered their stakes in the business. Vanguard Group Inc. raised its stake in Allbirds by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,046,131 shares of the business’s stock worth $27,500,000 after obtaining an extra 535,424 shares throughout the last quarter. BlackRock Inc. raised its stake in Allbirds by 4.4% in the 3rd quarter. BlackRock Inc. now owns 6,507,837 shares of the business’s stock worth $19,783,000 after obtaining an extra 273,005 shares throughout the last quarter. Lord Abbett & CO. LLC raised its stake in Allbirds by 651.0% in the very first quarter. Lord Abbett & CO. LLC now owns 2,902,677 shares of the business’s stock worth $17,445,000 after obtaining an extra 2,516,177 shares throughout the last quarter. Bank of New York Mellon Corp raised its stake in Allbirds by 850.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,492,582 shares of the business’s stock worth $7,578,000 after obtaining an extra 2,230,439 shares throughout the last quarter. Finally, Geode Capital Management LLC raised its stake in Allbirds by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,779,674 shares of the business’s stock worth $4,306,000 after obtaining an extra 37,744 shares throughout the last quarter. Hedge funds and other institutional financiers own 33.14% of the business’s stock.
Insider Buying and Selling at Allbirds
In other news, CEO Joseph Zwillinger offered 22,099 shares of the company’s stock in a deal that happened on Friday, February 17th. The shares were cost a typical cost of $2.75, for an overall worth of $60,772.25. The deal was divulged in a file submitted with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Michael J. Bufano offered 10,570 shares of the company’s stock in a deal that happened on Thursday, March second. The shares were cost a typical cost of $2.82, for an overall worth of $29,807.40. Following the conclusion of the deal, the primary monetary officer now owns 323,188 shares of the business’s stock, valued at $911,390.16. The deal was divulged in a legal filing with the SEC, which is available at the SEC website. Also, CEO Joseph Zwillinger offered 22,099 shares of Allbirds stock in a deal that happened on Friday, February 17th. The stock was cost a typical cost of $2.75, for an overall deal of $60,772.25. The disclosure for this sale can be discovered here. Insiders offered an overall of 162,896 shares of business stock worth $452,220 over the last 3 months. Insiders own 31.93% of the business’s stock.
Allbirds Company Profile
Allbirds, Inc makes and offers shoes and clothing items for males and females. It uses shoes, such as running shoes, daily tennis shoes, high-tops, slip-ons, boat shoes, flats, weather condition repellent shoes, and shoes. The business’s clothing items consist of activewear, tops, bottoms, gowns, sweatshirts, underclothing, and socks.
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