Performa Ltd US LLC Raises Stock Holdings in Allbirds, Inc. (NASDAQ:BIRD)

Performa Ltd US LLC grew its stake in shares of Allbirds, Inc. (NASDAQ:BIRD) by 64.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,200 shares of the company’s stock after buying an additional 3,200 shares during the period. Allbirds accounts for 0.0% of Performa Ltd US LLC’s portfolio, making the stock its 20th biggest holding. Performa Ltd US LLC’s holdings in Allbirds were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Jacobs Levy Equity Management Inc. bought a new position in shares of Allbirds in the third quarter worth about $138,000. 44.07% of the stock is currently owned by institutional investors.

Allbirds Stock Performance

BIRD opened at $5.37 on Monday. The stock has a market capitalization of $42.59 million, a price-to-earnings ratio of -0.33 and a beta of 1.56. The company has a fifty day moving average of $6.64 and a 200 day moving average of $8.54. Allbirds, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $18.33.

Analysts Set New Price Targets

Separately, Morgan Stanley decreased their target price on Allbirds from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st.

About Allbirds

Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.