JPMorgan Chase & Co. Has $27,000 Holdings in Allbirds, Inc. (NASDAQ:BIRD)

JPMorgan Chase & Co. decreased its holdings in shares of Allbirds, Inc. (NASDAQ:BIRD) by 97.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,313 shares of the company’s stock after selling 90,936 shares during the quarter. JPMorgan Chase & Co.’s holdings in Allbirds were worth $27,000 at the end of the most recent quarter.

Separately, Jacobs Levy Equity Management Inc. acquired a new stake in Allbirds during the 3rd quarter worth $138,000. 44.07% of the stock is currently owned by institutional investors.

Allbirds Trading Up 3.3 %

BIRD opened at $6.60 on Wednesday. The stock has a market capitalization of $52.35 million, a P/E ratio of -0.41 and a beta of 1.60. Allbirds, Inc. has a 12 month low of $6.09 and a 12 month high of $21.00. The firm’s fifty day simple moving average is $7.16 and its 200 day simple moving average is $9.90.

Allbirds (NASDAQ:BIRD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($2.68) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.13) by $0.45. The business had revenue of $43.00 million during the quarter, compared to the consensus estimate of $42.11 million. Allbirds had a negative return on equity of 65.30% and a negative net margin of 60.43%. During the same period last year, the company earned ($4.20) earnings per share. On average, equities research analysts predict that Allbirds, Inc. will post -11.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Morgan Stanley decreased their price objective on Allbirds from $12.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st.

Allbirds Company Profile

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.