Nano Cap New Millennium Growth Fund L P Acquires Shares of 1,805,000 BARK, Inc. $BARK

Nano Cap New Millennium Growth Fund L P acquired a new stake in BARK, Inc. (NYSE:BARK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,805,000 shares of the company’s stock, valued at approximately $1,088,000. Nano Cap New Millennium Growth Fund L P owned 1.05% of BARK at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. grew its holdings in BARK by 108.1% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 4,109,133 shares of the company’s stock valued at $2,476,000 after purchasing an additional 2,134,915 shares during the period. Byrne Asset Management LLC acquired a new stake in BARK in the fourth quarter valued at approximately $57,000. GSA Capital Partners LLP grew its holdings in BARK by 128.0% in the third quarter. GSA Capital Partners LLP now owns 1,049,948 shares of the company’s stock valued at $872,000 after purchasing an additional 589,390 shares during the period. SG Americas Securities LLC acquired a new stake in BARK in the third quarter valued at approximately $41,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in BARK by 15.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,692,503 shares of the company’s stock valued at $1,489,000 after purchasing an additional 230,131 shares during the period. 28.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. Weiss Ratings lowered BARK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Lake Street Capital set a $30.00 target price on BARK in a research report on Friday, February 6th. Wall Street Zen upgraded BARK from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Canaccord Genuity Group decreased their target price on BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.00.

BARK Price Performance

NYSE BARK opened at $9.01 on Friday. The company has a market cap of $77.80 million, a PE ratio of -2.50 and a beta of 1.92. The stock’s 50 day simple moving average is $10.66 and its 200-day simple moving average is $13.44. BARK, Inc. has a 1-year low of $8.15 and a 1-year high of $27.60.

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.