Allbirds, Inc. (NASDAQ:BIRD - Get Free Report)'s stock price was down 1.1% on Wednesday . The company traded as low as $6.40 and last traded at $6.54. Approximately 74,351 shares changed hands during trading, an increase of 44% from the average daily volume of 51,712 shares. The stock had previously closed at $6.61.
Wall Street Analyst Weigh In
Separately, Morgan Stanley reduced their price target on Allbirds from $12.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st.
View Our Latest Analysis on BIRD
Allbirds Stock Performance
The company has a market cap of $52.11 million, a price-to-earnings ratio of -0.41 and a beta of 1.60. The firm has a fifty day moving average price of $6.86 and a 200 day moving average price of $9.22.
Institutional Investors Weigh In On Allbirds
Several large investors have recently made changes to their positions in BIRD. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Allbirds in the 3rd quarter valued at approximately $138,000. Performa Ltd US LLC lifted its holdings in Allbirds by 64.0% during the 4th quarter. Performa Ltd US LLC now owns 8,200 shares of the company's stock valued at $57,000 after purchasing an additional 3,200 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Allbirds by 169.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,232 shares of the company's stock valued at $43,000 after purchasing an additional 3,919 shares during the last quarter. Jane Street Group LLC acquired a new stake in Allbirds during the 4th quarter valued at $104,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Allbirds during the 4th quarter valued at $70,000. Institutional investors and hedge funds own 44.07% of the company's stock.
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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