Coldstream Capital Management Inc. Decreases Stock Position in Allbirds, Inc. (NASDAQ:BIRD)

Coldstream Capital Management Inc. decreased its position in shares of Allbirds, Inc. (NASDAQ:BIRD) by 95.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,259 shares of the company’s stock after selling 212,529 shares during the period. Coldstream Capital Management Inc. owned about 0.14% of Allbirds worth $133,000 at the end of the most recent reporting period.

Separately, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Allbirds during the second quarter worth about $65,000. 44.07% of the stock is owned by institutional investors and hedge funds.

Allbirds Stock Performance

Shares of BIRD opened at $7.74 on Wednesday. Allbirds, Inc. has a one year low of $7.25 and a one year high of $29.00. The stock has a 50-day moving average price of $9.14 and a 200 day moving average price of $11.03. The company has a market capitalization of $61.39 million, a P/E ratio of -0.48 and a beta of 1.61.

Allbirds (NASDAQ:BIRD) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($2.68) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.13) by $0.45. The business had revenue of $43.00 million during the quarter, compared to the consensus estimate of $42.11 million. Allbirds had a negative net margin of 60.43% and a negative return on equity of 65.30%. During the same quarter last year, the company earned ($4.20) earnings per share. As a group, equities research analysts forecast that Allbirds, Inc. will post -11.89 earnings per share for the current fiscal year.

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.