BARK (NYSE:BARK) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of BARK (NYSE:BARK) to a hold rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently weighed in on BARK. Wall Street Zen cut shares of BARK from a “hold” rating to a “sell” rating in a report on Monday, October 27th. Weiss Ratings restated a “sell (d-)” rating on shares of BARK in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.50.

BARK Stock Performance

BARK stock traded up $0.00 during midday trading on Tuesday, reaching $0.94. The stock had a trading volume of 657,194 shares, compared to its average volume of 3,649,570. The stock has a market capitalization of $161.47 million, a PE ratio of -4.71 and a beta of 1.90. The stock’s 50-day simple moving average is $0.69 and its 200 day simple moving average is $0.80. BARK has a twelve month low of $0.53 and a twelve month high of $2.04.

BARK (NYSE:BARK) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business had revenue of $106.97 million for 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 predict that BARK will post -0.09 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jim Mcginty sold 60,000 shares of BARK stock in a transaction dated Wednesday, December 10th. The stock was 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 approximately $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 accessible through this hyperlink. Also, Director Henrik Werdelin sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $0.65, for a total value of $32,500.00. Following the sale, the director owned 10,890,385 shares of the company’s stock, valued at approximately $7,078,750.25. The trade was a 0.46% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On BARK

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brevan Howard Capital Management LP acquired a new position in BARK during the 2nd quarter valued at $32,000. CWM LLC grew its position in BARK by 100.1% during the second quarter. CWM LLC now owns 42,221 shares of the company’s stock worth $37,000 after buying an additional 21,118 shares in the last quarter. NewEdge Advisors LLC bought a new position in BARK during the first quarter valued at about $65,000. R Squared Ltd raised its holdings in BARK by 195.5% in the 2nd quarter. R Squared Ltd now owns 47,873 shares of the company’s stock valued at $42,000 after acquiring an additional 31,673 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in BARK during the third quarter worth $41,000. Institutional investors and hedge funds own 28.76% of the company’s stock.

BARK Company Profile

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company’s core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.