Shares of Allbirds, Inc. (NASDAQ:BIRD – Get Rating) have received a consensus rating of “Hold” from the fourteen research firms that are covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $3.48.
A number of research firms recently issued reports on BIRD. Telsey Advisory Group downgraded Allbirds from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $4.00 to $2.25 in a report on Friday, March 10th. Morgan Stanley decreased their price objective on Allbirds from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday, November 22nd. Guggenheim downgraded Allbirds from a “buy” rating to a “neutral” rating in a report on Friday, March 10th. BTIG Research started coverage on Allbirds in a research report on Monday, February 6th. They set a “neutral” rating on the stock. Finally, Piper Sandler dropped their price objective on Allbirds from $4.00 to $3.00 in a research note on Friday, March 10th.
Insider Buying and Selling
In related news, Director Dan Levitan acquired 75,796 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were purchased at an average cost of $1.08 per share, for a total transaction of $81,859.68. Following the completion of the acquisition, the director now directly owns 106,283 shares in the company, valued at $114,785.64. The purchase was disclosed in a filing with the SEC, which is available at this link. In other Allbirds news, CFO Michael J. Bufano sold 10,570 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $2.82, for a total value of $29,807.40. Following the transaction, the chief financial officer now directly owns 323,188 shares in the company, valued at $911,390.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dan Levitan acquired 75,796 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was bought at an average price of $1.08 per share, for a total transaction of $81,859.68. Following the completion of the acquisition, the director now owns 106,283 shares of the company’s stock, valued at $114,785.64. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 162,896 shares of company stock worth $452,220. Insiders own 31.93% of the company’s stock.
Hedge Funds Weigh In On Allbirds
Allbirds Price Performance
Shares of Allbirds stock opened at $1.08 on Friday. Allbirds has a 1 year low of $1.03 and a 1 year high of $6.85. The business has a 50-day moving average of $2.54 and a two-hundred day moving average of $2.89. The company has a market capitalization of $161.30 million, a P/E ratio of -1.57 and a beta of 1.90.
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.
- Get a free copy of the StockNews.com research report on Allbirds (BIRD)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Allbirds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allbirds and related companies with MarketBeat.com's FREE daily email newsletter.