Coldstream Capital Management Inc. Invests $274,000 in Allbirds, Inc. (NASDAQ:BIRD)

Coldstream Capital Management Inc. acquired a new position in Allbirds, Inc. (NASDAQ:BIRD) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 223,788 shares of the company’s stock, valued at approximately $274,000.

Other large investors have also recently modified their holdings of the company. Hollencrest Capital Management increased its holdings in shares of Allbirds by 100.0% in the third quarter. Hollencrest Capital Management now owns 30,000 shares of the company’s stock worth $33,000 after buying an additional 15,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Allbirds in the third quarter worth about $209,000. Arnhold LLC grew its stake in shares of Allbirds by 20.5% in the fourth quarter. Arnhold LLC now owns 272,905 shares of the company’s stock worth $334,000 after purchasing an additional 46,350 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Allbirds by 64.9% in the third quarter. FMR LLC now owns 9,827,176 shares of the company’s stock worth $10,908,000 after purchasing an additional 3,868,839 shares during the last quarter. Hedge funds and other institutional investors own 44.07% of the company’s stock.

Allbirds Stock Performance

Allbirds stock opened at $0.63 on Friday. The stock’s 50 day simple moving average is $0.65 and its two-hundred day simple moving average is $0.88. The stock has a market cap of $97.96 million, a price-to-earnings ratio of -0.66 and a beta of 1.79. Allbirds, Inc. has a fifty-two week low of $0.54 and a fifty-two week high of $1.83.

Allbirds (NASDAQ:BIRD) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.22) earnings per share for the quarter, meeting the consensus estimate of ($0.22). The business had revenue of $71.99 million for the quarter, compared to analysts’ expectations of $68.88 million. Allbirds had a negative return on equity of 57.15% and a negative net margin of 60.50%. On average, analysts predict that Allbirds, Inc. will post -0.67 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on BIRD. Piper Sandler cut their target price on Allbirds from $1.60 to $1.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Wedbush cut their target price on Allbirds from $0.90 to $0.70 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $1.00 price objective on shares of Allbirds in a research report on Wednesday, March 6th.

About Allbirds

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.