18,474 Shares in Allbirds, Inc. (NASDAQ:BIRD) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new position in shares of Allbirds, Inc. (NASDAQ:BIRDGet Rating) during the 2nd quarter, HoldingsChannel reports. The firm bought 18,474 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ProShare Advisors LLC acquired a new stake in Allbirds during the 2nd quarter worth about $41,000. SG Americas Securities LLC acquired a new stake in Allbirds during the 2nd quarter worth about $220,000. Arizona State Retirement System acquired a new stake in Allbirds during the 2nd quarter worth about $86,000. Paradigm Financial Partners LLC acquired a new stake in Allbirds during the 2nd quarter worth about $164,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Allbirds during the 2nd quarter worth about $106,000. 34.82% of the stock is currently owned by hedge funds and other institutional investors.

Allbirds Trading Down 0.7 %

NASDAQ:BIRD opened at $2.92 on Friday. Allbirds, Inc. has a 12 month low of $2.50 and a 12 month high of $27.00. The stock has a 50 day moving average of $3.24 and a two-hundred day moving average of $4.22. The firm has a market cap of $430.31 million and a P/E ratio of -4.79.

Analysts Set New Price Targets

A number of analysts have commented on the company. Cowen lowered their price target on Allbirds from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, September 2nd. Piper Sandler lowered their price target on Allbirds to $5.00 in a research report on Tuesday. Cowen decreased their price objective on Allbirds from $7.00 to $5.00 and set an “outperform” rating for the company in a report on Friday, September 2nd. Stifel Nicolaus decreased their price objective on Allbirds from $5.00 to $4.00 in a report on Wednesday, November 9th. Finally, Morgan Stanley cut Allbirds from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $12.00 to $5.00 in a report on Wednesday, August 10th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $8.50.

About Allbirds

(Get Rating)

Allbirds, Inc manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks.

See Also

Want to see what other hedge funds are holding BIRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allbirds, Inc. (NASDAQ:BIRDGet Rating).

Institutional Ownership by Quarter for Allbirds (NASDAQ:BIRD)

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