FMR LLC decreased its position in shares of Allbirds, Inc. (NASDAQ:BIRD - Free Report) by 93.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 727,514 shares of the company's stock after selling 11,009,805 shares during the quarter. FMR LLC owned approximately 9.22% of Allbirds worth $8,585,000 at the end of the most recent quarter.
Separately, Point72 Asia Singapore Pte. Ltd. bought a new stake in Allbirds in the 2nd quarter valued at $65,000. 44.07% of the stock is currently owned by institutional investors.
Allbirds Price Performance
Shares of Allbirds stock traded down $0.29 during trading hours on Thursday, reaching $7.87. The company's stock had a trading volume of 44,860 shares, compared to its average volume of 57,869. The firm has a 50 day moving average price of $9.31 and a 200-day moving average price of $11.12. Allbirds, Inc. has a one year low of $7.25 and a one year high of $29.00. The stock has a market cap of $62.42 million, a P/E ratio of -0.51 and a beta of 1.62.
Allbirds (NASDAQ:BIRD - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($2.68) earnings per share for the quarter, topping analysts' consensus estimates of ($3.13) by $0.45. The firm had revenue of $43.00 million for the quarter, compared to the consensus estimate of $42.11 million. Allbirds had a negative net margin of 60.43% and a negative return on equity of 65.30%. During the same period in the previous year, the firm posted ($4.20) EPS. As a group, sell-side analysts forecast that Allbirds, Inc. will post -11.89 EPS for the current fiscal year.
About Allbirds
(
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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