Allbirds, Inc. (NASDAQ:BIRD) Holdings Decreased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. cut its position in shares of Allbirds, Inc. (NASDAQ:BIRD) by 95.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,259 shares of the company’s stock after selling 212,529 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Allbirds were worth $133,000 at the end of the most recent reporting period.

Separately, Jacobs Levy Equity Management Inc. acquired a new position in Allbirds in the third quarter valued at approximately $138,000. Institutional investors own 44.07% of the company’s stock.

Allbirds Trading Down 0.6 %

Shares of Allbirds stock opened at $7.74 on Wednesday. The stock has a market capitalization of $61.39 million, a price-to-earnings ratio of -0.48 and a beta of 1.61. Allbirds, Inc. has a twelve month low of $7.25 and a twelve month high of $29.00. The business’s 50 day simple moving average is $9.14 and its 200-day simple moving average is $11.03.

Allbirds (NASDAQ:BIRD) last issued its earnings results on Wednesday, November 6th. The company reported ($2.68) earnings per share 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 return on equity of 65.30% and a negative net margin of 60.43%. During the same period last year, the company earned ($4.20) earnings per share. Sell-side analysts predict that Allbirds, Inc. will post -11.89 earnings per share for the current year.

Allbirds 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.