Bird Global (NYSE:BRDS) Trading 4.9% Higher

Bird Global Inc (NYSE:BRDS – Get Rating) traded up 4.9% on Tuesday . The company traded as high as $0.23 and last traded at $0.23. 1,204,108 shares were traded during mid-day trading, a decline of 70% from the average session volume of 4,040,076 shares. The stock had previously closed at $0.22.

Analysts Set New Price Targets

Separately, DA Davidson decreased their price target on shares of Bird Global to $0.40 in a research note on Thursday, November 17th.

Bird Global Price Performance

The company has a 50 day moving average price of $0.24 and a 200 day moving average price of $0.38.

Bird Global (NYSE:BRDS – Get Rating) last posted its quarterly earnings results on Thursday, November 17th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. The business had revenue of $72.86 million for the quarter, compared to analysts’ expectations of $94.00 million. Bird Global had a negative return on equity of 57.26% and a negative net margin of 149.83%.

Institutional Investors Weigh In On Bird Global

Several institutional investors have recently modified their holdings of the business. Prelude Capital Management LLC acquired a new position in Bird Global in the first quarter valued at approximately $27,000. Renaissance Technologies LLC acquired a new position in shares of Bird Global in the 1st quarter valued at $30,000. Polar Capital Holdings Plc acquired a new position in shares of Bird Global in the 1st quarter valued at $71,000. Citigroup Inc. boosted its position in shares of Bird Global by 289.4% in the 1st quarter. Citigroup Inc. now owns 30,310 shares of the company’s stock worth $74,000 after purchasing an additional 22,526 shares during the last quarter. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of Bird Global during the third quarter worth $39,000. Institutional investors and hedge funds own 53.45% of the company’s stock.

Bird Global Company Profile

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Bird Global, Inc, a micro mobility company, engages in delivering electric transportation solutions for short distances. The company’s transportation solutions include e-scooters and e-bikes. It offers a fleet of shared electric vehicles to riders through bird.co, as well as sells products through retailers and distributors.