Bird Global Target of Unusually Large Options Trading (NYSE:BRDS)

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Bird Global Inc (NYSE:BRDSGet Rating) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 3,082 call options on the company. This represents an increase of 2,385% compared to the average daily volume of 124 call options.

Bird Global Trading Up 5.4 %

Shares of NYSE BRDS opened at $0.48 on Thursday. Bird Global has a 12-month low of $0.40 and a 12-month high of $9.29. The firm’s 50-day simple moving average is $0.49 and its 200 day simple moving average is $1.35.

Bird Global (NYSE:BRDSGet Rating) last announced its earnings results on Monday, August 15th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.22). Research analysts expect that Bird Global will post -0.31 EPS for the current fiscal year.

Institutional Trading of Bird Global

A number of hedge funds and other institutional investors have recently modified their holdings of BRDS. Victory Capital Management Inc. acquired a new stake in Bird Global in the 4th quarter valued at approximately $165,000. Northern Trust Corp bought a new position in Bird Global in the 4th quarter valued at about $1,556,000. Qube Research & Technologies Ltd acquired a new stake in Bird Global in the fourth quarter valued at approximately $796,000. CRV LLC acquired a new stake in Bird Global in the fourth quarter worth $10,742,000. Finally, Marathon Trading Investment Management LLC purchased a new position in Bird Global during the fourth quarter worth about $83,000. 55.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRDS has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their target price on Bird Global from $6.00 to $0.75 and set a “neutral” rating for the company in a research note on Thursday, August 18th. DA Davidson cut their price target on Bird Global to $5.50 and set a “buy” rating on the stock in a research report on Tuesday, May 17th.

Bird Global Company Profile

(Get Rating)

Bird Global, Inc, a micro mobility company, engages in delivering electric transportation solutions for short distances. The company’s transportation solutions include e-scooters and e-bikes. It offers a fleet of shared electric vehicles to riders through bird.co, as well as sells products through retailers and distributors.

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