Allbirds (NASDAQ:BIRD – Free Report) had its price target decreased by Morgan Stanley from $12.00 to $8.00 in a report published on Tuesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.
Allbirds Trading Down 2.0 %
Shares of BIRD opened at $6.81 on Tuesday. Allbirds has a 12 month low of $6.11 and a 12 month high of $22.40. The business’s fifty day simple moving average is $7.50 and its two-hundred day simple moving average is $10.35. The company has a market cap of $54.00 million, a price-to-earnings ratio of -0.42 and a beta of 1.61.
Allbirds (NASDAQ:BIRD – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($2.68) EPS for the quarter, topping the consensus estimate of ($3.13) by $0.45. The company 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) EPS. As a group, research analysts forecast that Allbirds will post -11.89 EPS for the current year.
Institutional Investors Weigh In On Allbirds
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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