Jim Mcginty Sells 60,000 Shares of BARK (NYSE:BARK) Stock

BARK, Inc. (NYSE:BARK) Director Jim Mcginty sold 60,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $0.63, for a total value of $37,800.00. Following the transaction, the director directly owned 439,384 shares in the company, valued at $276,811.92. The trade was a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

BARK Trading Down 1.8%

NYSE BARK traded down $0.01 during trading on Friday, reaching $0.66. 495,054 shares of the company’s stock were exchanged, compared to its average volume of 998,073. BARK, Inc. has a fifty-two week low of $0.63 and a fifty-two week high of $2.32. The company’s fifty day simple moving average is $0.77 and its 200-day simple moving average is $0.86. The firm has a market capitalization of $113.97 million, a PE ratio of -3.32 and a beta of 1.89.

BARK (NYSE:BARK) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The company had revenue of $106.97 million during the quarter, compared to analysts’ expectations of $103.57 million. BARK had a negative return on equity of 23.45% and a negative net margin of 7.81%. Equities analysts forecast that BARK, Inc. will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BARK shares. Wall Street Zen lowered shares of BARK from a “hold” rating to a “sell” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BARK in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, BARK presently has an average rating of “Hold” and a consensus target price of $2.63.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Virtu Financial LLC lifted its stake in shares of BARK by 71.5% in the 1st quarter. Virtu Financial LLC now owns 76,226 shares of the company’s stock valued at $106,000 after purchasing an additional 31,786 shares during the last quarter. Nuveen LLC bought a new position in BARK during the first quarter valued at about $589,000. EntryPoint Capital LLC lifted its position in shares of BARK by 48.4% in the first quarter. EntryPoint Capital LLC now owns 191,930 shares of the company’s stock worth $267,000 after buying an additional 62,571 shares during the last quarter. State of Wyoming acquired a new stake in shares of BARK in the first quarter worth about $176,000. Finally, AQR Capital Management LLC boosted its stake in shares of BARK by 627.8% during the 1st quarter. AQR Capital Management LLC now owns 154,257 shares of the company’s stock worth $214,000 after acquiring an additional 133,061 shares in the last quarter. Institutional investors and hedge funds own 28.76% of the company’s stock.

BARK Company Profile

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.