Robert W. Baird Sticks to Its Buy Rating for Allbirds (BIRD)

Robert W. Baird analyst Mark Altschwager maintained a Buy rating on Allbirds (BIRDResearch Report) on November 8 and set a price target of $7.00. The company’s shares closed yesterday at $2.51.

Altschwager covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Tapestry, and Kohl’s. According to TipRanks, Altschwager has an average return of 3.0% and a 40.94% success rate on recommended stocks.

In addition to Robert W. Baird, Allbirds also received a Buy from Piper Sandler’s Edward Yruma in a report issued yesterday. However, on the same day, Stifel Nicolaus maintained a Hold rating on Allbirds (NASDAQ: BIRD).

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BIRD market cap is currently $414.7M and has a P/E ratio of -5.48.

Based on the recent corporate insider activity of 16 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Allbirds Inc is a global lifestyle brand that innovates with naturally derived materials to make footwear and apparel products. Its primary source of revenue is from sales of shoes and apparel products in its directly owned digital and physical retail channels.

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