Allbirds, Inc. (NASDAQ:BIRD – Get Free Report) fell 3.4% during mid-day trading on Wednesday . The company traded as low as $12.27 and last traded at $12.27. 3,516 shares changed hands during trading, a decline of 94% from the average session volume of 55,543 shares. The stock had previously closed at $12.70.
Allbirds Stock Up 1.9 %
The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -13.37 and a beta of 1.79. The firm has a fifty day moving average price of $12.87 and a 200-day moving average price of $12.75.
Allbirds (NASDAQ:BIRD – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($2.40) EPS for the quarter, beating analysts’ consensus estimates of ($3.60) by $1.20. Allbirds had a negative net margin of 61.24% and a negative return on equity of 61.22%. The business had revenue of $51.58 million for the quarter, compared to the consensus estimate of $50.34 million. During the same quarter last year, the firm posted ($3.60) EPS. Equities research analysts anticipate that Allbirds, Inc. will post -12.2 earnings per share for the current fiscal year.
Insider Transactions at Allbirds
Institutional Investors Weigh In On Allbirds
Hedge funds and other institutional investors have recently bought and sold shares of the business. Laidlaw Wealth Management LLC acquired a new stake in shares of Allbirds during the fourth quarter valued at approximately $751,000. CastleKnight Management LP purchased a new position in shares of Allbirds during the fourth quarter valued at $348,000. Coldstream Capital Management Inc. acquired a new position in Allbirds during the fourth quarter valued at $274,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Allbirds in the 2nd quarter worth about $65,000. 44.07% of the stock is currently owned by institutional investors.
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.
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