Arnhold LLC Has $334,000 Stock Holdings in Allbirds, Inc. (NASDAQ:BIRD)

Arnhold LLC raised its holdings in shares of Allbirds, Inc. (NASDAQ:BIRD) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,905 shares of the company’s stock after purchasing an additional 46,350 shares during the quarter. Arnhold LLC’s holdings in Allbirds were worth $334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hollencrest Capital Management lifted its holdings in shares of Allbirds by 100.0% during 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 in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Allbirds by 134.1% during the third quarter. SG Americas Securities LLC now owns 42,338 shares of the company’s stock worth $47,000 after buying an additional 24,255 shares in the last quarter. Fountainhead AM LLC acquired a new stake in shares of Allbirds during the third quarter worth $91,000. Cheyne Capital Management UK LLP acquired a new stake in shares of Allbirds during the third quarter worth $111,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Allbirds during the third quarter worth $209,000. Institutional investors and hedge funds own 44.07% of the company’s stock.

Allbirds Stock Performance

Shares of NASDAQ BIRD traded down $0.03 during mid-day trading on Tuesday, reaching $0.60. The company had a trading volume of 820,482 shares, compared to its average volume of 1,000,130. Allbirds, Inc. has a one year low of $0.54 and a one year high of $1.83. The firm has a market cap of $93.63 million, a price-to-earnings ratio of -0.60 and a beta of 1.82. The business’s 50-day simple moving average is $0.73 and its 200 day simple moving average is $0.91.

Allbirds (NASDAQ:BIRD) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.22) EPS for the quarter, hitting analysts’ consensus estimates of ($0.22). Allbirds had a negative return on equity of 51.83% and a negative net margin of 60.01%. The company had revenue of $71.99 million for the quarter, compared to analysts’ expectations of $68.88 million. On average, sell-side analysts anticipate that Allbirds, Inc. will post -0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

BIRD has been the subject of a number of research reports. Piper Sandler dropped their target price on Allbirds from $1.60 to $1.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Telsey Advisory Group restated a “market perform” rating and issued a $1.00 price target on shares of Allbirds in a research report on Wednesday, March 6th. Finally, Wedbush decreased their price target on Allbirds from $1.00 to $0.90 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th.

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.