Allbirds (NASDAQ:BIRD) Research Coverage Started at Maxim Group

Maxim Group began coverage on shares of Allbirds (NASDAQ:BIRD) in a research note released on Friday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $14.00 target price on the stock.

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

Allbirds Trading Up 1.6 %

Shares of NASDAQ BIRD opened at $4.46 on Friday. Allbirds has a 1-year low of $3.93 and a 1-year high of $18.33. The stock’s 50-day moving average is $6.10 and its 200 day moving average is $7.60. The stock has a market cap of $35.69 million, a price-to-earnings ratio of -0.28 and a beta of 1.45.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its position in Allbirds by 262.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 42,521 shares of the company’s stock valued at $296,000 after purchasing an additional 30,791 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Allbirds in the fourth quarter worth $104,000. Cubist Systematic Strategies LLC bought a new position in shares of Allbirds during the fourth quarter valued at $70,000. JPMorgan Chase & Co. boosted its position in shares of Allbirds by 169.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,232 shares of the company’s stock valued at $43,000 after buying an additional 3,919 shares during the last quarter. Finally, Performa Ltd US LLC increased its holdings in Allbirds by 64.0% in the 4th quarter. Performa Ltd US LLC now owns 8,200 shares of the company’s stock worth $57,000 after buying an additional 3,200 shares in the last quarter. 44.07% of the stock is owned by hedge funds and other institutional investors.

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.