Capital One Financial weighs on Bird Global Inc’s second quarter 2022 results (NYSE:BRDS)

Bird Global Inc (NYSE:BRDS – Get Rating) – Equity analysts Capital One Financial lowered their second quarter 2022 earnings per share estimates for Bird Global in a research report released to clients and investors on Wednesday, March 23. Capital One Financial analyst R. Tullis now expects the company to post earnings per share of ($0.11) for the quarter, down from its previous forecast of ($0.08). $). Capital One Financial also released estimates for Bird Global Q3 2022 earnings at ($0.08) EPS, Q4 2022 earnings at ($0.11) EPS, FY2022 earnings at ($0.08) EPS $.42) EPS and FY2023 earnings at ($0.05) EPS.

A number of other stock analysts have also recently released reports on the company. Goldman Sachs Group launched Bird Global coverage in a research report on Friday, January 7. They have set a “neutral” rating and a price target of $6.00 for the company. Zacks Investment Research upgraded shares of Bird Global from a “sell” rating to a “hold” rating in a report released Thursday.

Shares of NYSE:BRDS opened at $2.74 on Friday. The stock’s fifty-day moving average is $3.30. Bird Global has a 12-month low of $2.40 and a 12-month high of $9.29.

Institutional investors and hedge funds have recently changed their stakes in the company. BlackRock Inc. purchased a new stake in Bird Global in the fourth quarter for a value of approximately $11,643,000. Virtu Financial LLC acquired a new stake in shares of Bird Global during Q4 for a value of approximately $99,000. Accel Leaders Fund II Associates LLC purchased a new equity stake in Bird Global in Q4 valued at $6,907,000. Accel Growth Fund IV Associates LLC acquired a new position in shares of Bird Global during Q4 valued at $39,443,000. Finally, Penserra Capital Management LLC bought a new position in Bird Global during the fourth quarter at a value of $42,000. 66.49% of the shares are currently held by institutional investors and hedge funds.

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About Bird Global (Get a rating)

Bird Global, Inc, a micro-mobility company, is committed to providing short-haul electric transportation solutions. The company’s transportation solutions include electric scooters and electric bicycles. It offers a fleet of shared electric vehicles to passengers through bird.co, as well as selling products through retailers and distributors.

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