BARK, Inc. (NYSE:BARK) Receives $15.33 Average PT from Analysts

BARK, Inc. (NYSE:BARK) has received an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $15.3333.

BARK has been the subject of a number of recent research reports. Weiss Ratings cut shares of BARK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Canaccord Genuity Group cut their target price on BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $19.00 price target on shares of BARK in a research report on Thursday, June 11th. Wall Street Zen upgraded BARK from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Lake Street Capital set a $12.00 price objective on BARK and gave the company a “buy” rating in a report on Wednesday, June 10th.

BARK Stock Down 0.1%

NYSE BARK opened at $9.59 on Monday. The stock has a market capitalization of $84.32 million, a PE ratio of -2.15 and a beta of 1.92. BARK has a 12-month low of $8.15 and a 12-month high of $22.60. The company has a 50 day moving average price of $9.45 and a two-hundred day moving average price of $12.28.

BARK (NYSE:BARK) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.35) by $0.42. The company had revenue of $86.57 million for the quarter, compared to analyst estimates of $96.30 million. BARK had a negative net margin of 9.88% and a negative return on equity of 42.27%. During the same quarter in the prior year, the business posted $0.01 EPS. As a group, equities analysts anticipate that BARK will post -1.2 EPS for the current year.

Institutional Investors Weigh In On BARK

A number of large investors have recently added to or reduced their stakes in the stock. Brevan Howard Capital Management LP bought a new position in shares of BARK in the second quarter valued at approximately $32,000. XTX Topco Ltd bought a new stake in shares of BARK during the 4th quarter worth $38,000. BNP Paribas Financial Markets boosted its holdings in shares of BARK by 323.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock worth $42,000 after buying an additional 38,526 shares during the period. Cerity Partners LLC grew its stake in BARK by 58.1% in the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock valued at $49,000 after buying an additional 20,359 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new position in BARK in the 4th quarter valued at $57,000. Institutional investors 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.