Allbirds, Inc. (NASDAQ:BIRD) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Allbirds, Inc. (NASDAQ:BIRD - Free Report) by 97.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,313 shares of the company's stock after selling 90,936 shares during the quarter. JPMorgan Chase & Co.'s holdings in Allbirds were worth $27,000 as of its most recent SEC filing.

Separately, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Allbirds during the third quarter worth $138,000. Institutional investors and hedge funds own 44.07% of the company's stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley decreased their target price on shares of Allbirds from $12.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st.

Allbirds Stock Down 4.6 %

Shares of Allbirds stock traded down $0.33 during mid-day trading on Friday, hitting $6.83. The stock had a trading volume of 40,370 shares, compared to its average volume of 50,332. The firm has a 50-day moving average of $7.12 and a two-hundred day moving average of $9.82. Allbirds, Inc. has a 12-month low of $6.09 and a 12-month high of $21.00. The firm has a market cap of $54.18 million, a P/E ratio of -0.42 and a beta of 1.60.

Allbirds (NASDAQ:BIRD - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.68) EPS for the quarter, topping the consensus estimate of ($3.13) by $0.45. The firm had revenue of $43.00 million for the quarter, compared to analyst estimates 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 prior year, the business posted ($4.20) EPS. Sell-side analysts expect that Allbirds, Inc. will post -11.87 earnings per share for the current year.

Allbirds Company Profile

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.