According to a study published on Friday and by The Fly, investment analysts at Piper Jaffray decreased their target price for Allbirds (NASDAQ: BIRD) from $4.00 to $3.00.
Piper Sandler has established a price target for the stock that indicates the possibility of an increase in price that is 62.16% higher than the price at which the stock is currently trading.
Friday marked the beginning of trading on the NASDAQ BIRD, and the price at which it opened was $1.85.
The price-to-earnings ratio for the company is -2.64, and its beta value is 1.90.
The company’s current valuation on the stock market is $276.30 million.
Allbirds has seen a one-year low of $1.85 and has reached a one-year high of $6.85 since the company went public.
The moving average for the company over the past 50 days is $2.69, and the moving average over the last 200 days is $3.03.
Conversations about BIRD have been included in many reports produced by various analysts.
BTIG Research made available to the public on Monday, February 6, a research note that was related to Allbirds.
They assigned a ” neutral ” rating to the stock for their investment portfolio. Guggenheim revised its previous recommendation of “buy” for Allbirds shares to a ” neutral ” rating in a study released to the public on Friday. Wedbush lowered its recommendation on Allbirds from “outperform” to “neutral,” The firm also decided to set its price objective at $3.00.
Both of these actions were taken today. On Monday, a report of some research results was made available to the general public. William Blair lowered its rating for Allbirds from “outperform” to “market perform” in a study released to the public on Friday. Robert W.
Baird lowered its rating on Allbirds, moving it from “outperform” to “neutral” in a study published on Friday.
Two research analysts have assigned a buy rating to the stock, while twelve research analysts have assigned a hold rating to the stock.
The company’s stock is currently rated “Hold,” and a price objective of $4.84 has been established based on the data that Bloomberg.com compiled.
Joseph Zwillinger, the Chief Executive Officer of Allbirds, participated in a transaction on Friday, January 27, which resulted in the sale of 92,643 of the company’s shares of stock. Other recent events about the Allbirds include the following: There were a total of $257,547.54 worth of transactions involving the company’s shares, which were conducted at an average price of $2.78 per share.
If you follow the link, you will be taken to a document submitted to the SEC, which will provide you with additional information regarding the sale. On March 2, Michael J.
Bufano, Chief Financial Officer of Allbirds, sold 10,570 shares of the company’s stock.
This is another piece of news about Allbirds.
The stock sale resulted in total revenue of $29,807.40, with the average price that each share could fetch being $2.82. Following the completion of the sale, the chief financial officer has accumulated 323,188 shares in the company, each of which is currently worth $911,390.16.
If you follow the link, which will take you to a legal file submitted to the SEC, you can acquire additional information regarding the transaction. Joseph Zwillinger, the company’s Chief Executive Officer, sold 92,643 shares of the company’s stock on Friday, January 27.
In addition, this transaction took place. Following the sale of the stock at an average price of $2.78 per share, the total value of the transaction was determined to be 257,547.54 dollars.
Disclosures related to the sale might be found in this website section.
During the past ninety days, company insiders have been selling company stock, selling 162,896 shares with a total value of $452,220.
Individuals employed by the company hold 31.93% of the company’s shares.
Recent transactions by institutional investors have resulted in changes to the proportion of the company’s stock held by these investors.
During the first three months of the year, Captrust Financial Advisors saw a rise of 90.8% in the amount of Allbirds stock that it owned, making it the company’s largest single shareholder. Captrust Financial Advisors now directly owns 6,514 shares after purchasing an additional 3,100 shares during the most recent fiscal quarter.
There is a value of $39,000 associated with these shares.
During the third quarter, the Arizona State Retirement System increased the amount of Allbirds stock owned by 16.6%, bringing its total ownership percentage to 100%.
The Arizona State Retirement System has 25,442 shares of the company’s stock, which has a market value of $77,000, following the purchase of 3,618 shares during the period in question.
These shares were added to the system’s holdings, bringing the total number of shares owned to 25,442.
During the company’s fourth fiscal quarter, Parallel Advisors LLC increased the percentage of Allbirds shares that it owned by 23 percent.
After making a new purchase of 3,700 shares during the most recent fiscal quarter, Parallel Advisors LLC now owns 19,769 shares.
Based on the current market price, these shares are worth $48,000.
During the third quarter, Game Plan Financial Advisors LLC achieved a 23.5% increase in the proportion of Allbirds stock it owned. Game Plan Financial Advisors LLC has a total ownership stake in the company equal to 21,000 shares after purchasing an additional 4,000 in the most recent quarter.
The value of Game Plan Financial Advisors LLC’s ownership stake in the company is now $64,000. One more interesting nugget of information is that during the last quarter, Charles Schwab Investment Management INC boosted its holdings in Allbirds by 1.9%.
After purchasing an additional 4,831 shares of the company’s stock during the relevant period in question, The Charles Schwab Investment Management INC portfolio currently consists of 256,937 shares of the company’s stock, which have an estimated value of $622,000.
To the tune of 33.14 percent of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
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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