Bloomberg reports that out of the fourteen research firms that follow Allbirds, INC (NASDAQ: BIRD), all have assigned a rating of “Hold” to the company’s stock, representing the general opinion regarding the stock.
There have been ten stock analysts who have recommended buying the stock, while there have only been two who have suggested holding on to the stock.
The vast majority of research analysts who have covered the stock recently have projected that the stock will reach a price of $3.48 within the next year.
Several research firms have recently published reports about BIRD’s most recent activities.
The previous rating of “outperform” for Allbirds was changed to “market perform” in a report made public on March 10 by Telsey Advisory Group.
This rating represents a drop from the previous rating of “outperform.” In addition, they reduced the price target they had set for the stock from $4.00 to $2.25.
Morgan Stanley decreased their price objective for Allbirds from $5.00 to $4.00 and gave the company an “equal weight” rating in a research report published on Tuesday, November 22.
In a study made public on March 10, Guggenheim changed its recommendation for Allbirds from “buy” to “neutral,” meaning they do not have a strong opinion either way.
BTIG Research began publishing their findings from an investigation that they had carried out on Allbirds on Monday, February 6.
They gave the stock a rating of “neutral” for their portfolio.
Piper Sandler lowered their price objective for Allbirds from $4.00 to $3.00 in a research note published on Friday, March 10.
By doing so, they brought it closer into alignment with the prices that are currently being offered.
In other news about this topic, corporate director Dan Levitan purchased 75,796 company stock on March 15.
A total payment of $81,859.68 was made for the shares, with an average price of $1.08 per share.
As a result of the transaction, the director now has direct ownership of 106,283 company shares, which have a combined value of $114,785.64. Following the link will lead you to a file filed with the SEC and provide you with details regarding the purchase.
According to another part of this news article, Allbirds Chief Financial Officer Michael J.
Bufano sold 10,570 shares on Thursday, March 2.
At an average price of $2.82 per share, the chief financial officer now directly controls 323,188 shares of the company, which are worth a total of $911,390.16; the value of this transaction brings the total value of the transaction to $29,807.40.
The transaction was made public via a filing with the SEC, which may be found on the SEC’s website. On March 15, Dan Levitan, also a firm director, purchased 75,796 shares of the company’s stock.
The price paid for each share was $1.08 on average, bringing the total amount paid for the acquisition of the stock to $81,859.68.
As a result of the purchase, the director now has 106,283 shares of the company, which, given the current state of the market, are worth a combined sum of 114,785.64 dollars. You should be able to locate the disclosure concerning this transaction in the following location: The purchase and subsequent sale of 162,896 company stock over the preceding three months resulted in the insiders’ accumulation of a total profit of $452,220.
The employees and management of the company own a combined total of 31.93% of the total shares issued by the company.
During the previous few months, several hedge funds and other institutional investors modified the processes by which they invested in the company.
During the third quarter of the current fiscal year, Vanguard Group INC increased the percentage of Allbirds stock owned by 6.3%.
After purchasing an additional 535,424 shares during the most recent quarter, Vanguard Group INC now directly owns 9,046,131 shares of the company’s stock, which have a combined value of $27,500,000.
This brings the total number of shares directly owned by the company to 9,046,131.
During the third quarter, BlackRock INC increased the amount of Allbirds stock owned by a percentage equivalent to 4.4%.
BlackRock INC now has 6,507,837 shares of the company’s stock, valued at $19,783,000, following the purchase of an additional 273,005 shares during the most recent quarter.
During the first three months of 2018, Lord Abbett & Co LLC increased the ownership percentage in Allbirds that it currently holds by 651.0%.
Lord Abbett & Co LLC now has a total ownership stake of $2,902,677, valued at $17,445,000 after the company purchased an additional 2,516,177 shares during the most recent quarter.
The Bank of New York Mellon Corporation increased the percentage of Allbirds stock owned by 850.8 percent during the third quarter of this fiscal year.
After purchasing an additional 2,230,439 shares over the preceding quarter, Bank of New York Mellon Corp now has 2,492,582 shares.
These shares are currently worth a total of 7,578,000 dollars as of right now.
And finally, during the final three months of the year, Geode Capital Management LLC completed a 2.2% increase in Allbirds shares that it owned as a percentage of the company. Geode Capital Management LLC currently has 1,779,674 shares following the purchase of an additional 37,744 shares during the most recent fiscal quarter.
The current value of these shares, when traded on the market, is $4,306,000. Currently, hedge funds and other institutional investors own 33.14% of the company’s shares.
On Friday, the share price of Allbirds was $1.08 when trading began.
The price of Allbirds has fluctuated throughout the year, with a low of $1.03 and a high of $6.85, respectively.
The moving average for the past 50 days for the company is $2.54, and the moving averages for the past 200 days are $2.89.
The company has a P/E ratio of -1.57, a beta value of 1.90, and a total market capitalization of $161.30 million.
Allbirds, INC is a retailer and manufacturer of footwear and apparel for both men and women, including clothing and footwear.
Their products can be found in stores all over the world.
Many types of footwear are available for purchase, including sandals, high tops, slip-ons, boat shoes, flats, and regular sneakers, to name just a few of the options.
The company’s clothing collection includes sportswear, tops, bottoms, skirts, sweaters, undergarments, and socks, all of which can be purchased individually or as part of a set.
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