In a report released yesterday, from Maxim Group maintained a Hold rating on Allbirds. The company’s shares closed yesterday at $2.54.
The word on The Street in general, suggests a Hold analyst consensus rating for Allbirds.
Based on Allbirds’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.76 million and a GAAP net loss of $12.78 million. In comparison, last year the company earned a revenue of $39.69 million and had a GAAP net loss of $15.5 million
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BIRD in relation to earlier this year. Earlier this month, Richard Boyce, a Director at BIRD sold 9,200.00 shares for a total of $21,896.00.
