Telsey Advisory Reaffirms Their Buy Rating on Allbirds (BIRD)

In a report released today, Dana Telsey from Telsey Advisory maintained a Buy rating on Allbirds (BIRDResearch Report), with a price target of $5.00. The company’s shares closed yesterday at $2.80.

According to TipRanks, Telsey is an analyst with an average return of -7.7% and a 35.09% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as American Eagle, G-III Apparel Group, and VF.

Allbirds has an analyst consensus of Moderate Buy, with a price target consensus of $5.00.

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The company has a one-year high of $28.73 and a one-year low of $2.74. Currently, Allbirds has an average volume of 1.4M.

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.

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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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