Performa Ltd US LLC Buys 3,200 Shares of Allbirds, Inc. (NASDAQ:BIRD)

Performa Ltd US LLC boosted its position in Allbirds, Inc. (NASDAQ:BIRD) by 64.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,200 shares of the company’s stock after acquiring an additional 3,200 shares during the quarter. Allbirds accounts for approximately 0.0% of Performa Ltd US LLC’s portfolio, making the stock its 20th largest holding. Performa Ltd US LLC owned about 0.10% of Allbirds worth $57,000 at the end of the most recent reporting period.

Separately, Jacobs Levy Equity Management Inc. bought a new position in shares of Allbirds during the 3rd quarter valued at about $138,000. 44.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Morgan Stanley lowered their price objective on shares of Allbirds from $12.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st.

Allbirds Price Performance

Shares of NASDAQ BIRD opened at $5.37 on Monday. Allbirds, Inc. has a 1 year low of $5.07 and a 1 year high of $18.33. The company’s 50-day moving average is $6.64 and its 200 day moving average is $8.54. The stock has a market capitalization of $42.59 million, a P/E ratio of -0.33 and a beta of 1.56.

Allbirds Company Profile

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.