Geode Capital Management LLC lowered its holdings in Allbirds, Inc. (NASDAQ:BIRD - Free Report) by 94.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,462 shares of the company's stock after selling 1,001,736 shares during the period. Geode Capital Management LLC owned approximately 0.68% of Allbirds worth $631,000 at the end of the most recent reporting period.
Separately, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Allbirds in the second quarter valued at approximately $65,000. 44.07% of the stock is currently owned by hedge funds and other institutional investors.
Allbirds Stock Performance
Allbirds stock traded down $0.19 during mid-day trading on Friday, hitting $6.79. 37,027 shares of the company traded hands, compared to its average volume of 50,104. Allbirds, Inc. has a one year low of $6.54 and a one year high of $22.40. The stock has a market cap of $53.86 million, a price-to-earnings ratio of -0.42 and a beta of 1.61. The stock has a fifty day moving average price of $7.85 and a 200-day moving average price of $10.51.
Allbirds (NASDAQ:BIRD - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($2.68) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.13) by $0.45. Allbirds had a negative net margin of 60.43% and a negative return on equity of 65.30%. The company had revenue of $43.00 million during the quarter, compared to analyst estimates of $42.11 million. During the same period in the previous year, the business earned ($4.20) earnings per share. Sell-side analysts predict that Allbirds, Inc. will post -11.89 EPS for the current 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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