Allbirds (NASDAQ:BIRD - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($2.68) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.13) by $0.45, Zacks reports. Allbirds had a negative return on equity of 61.72% and a negative net margin of 60.43%. The business had revenue of $43.00 million for the quarter, compared to analyst estimates of $42.11 million. During the same quarter in the prior year, the company earned ($4.20) earnings per share. Allbirds updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.
Allbirds Price Performance
Shares of BIRD traded down $0.77 during mid-day trading on Friday, hitting $7.95. The stock had a trading volume of 259,696 shares, compared to its average volume of 55,172. Allbirds has a 52 week low of $7.87 and a 52 week high of $29.00. The business has a fifty day moving average price of $10.91 and a 200-day moving average price of $11.93. The firm has a market cap of $62.73 million, a P/E ratio of -0.49 and a beta of 1.77.
Insider Activity at Allbirds
In related news, CEO Joseph Vernachio sold 2,367 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $12.00, for a total transaction of $28,404.00. Following the sale, the chief executive officer now owns 43,536 shares of the company's stock, valued at approximately $522,432. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Joseph Vernachio sold 2,367 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $12.00, for a total value of $28,404.00. Following the completion of the transaction, the chief executive officer now directly owns 43,536 shares in the company, valued at approximately $522,432. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy O. Brown sold 2,500 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $11.80, for a total transaction of $29,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,742 shares of company stock worth $68,404. 45.50% of the stock is owned by corporate insiders.
Allbirds Company Profile
(
Get Free Report)
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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