BARK (NYSE:BARK) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of BARK (NYSE:BARK) from a sell rating to a hold rating in a research note published on Saturday.

Several other research firms have also commented on BARK. Canaccord Genuity Group set a $1.50 target price on BARK in a report on Friday, February 6th. Zacks Research upgraded BARK to a “hold” rating in a research report on Tuesday, January 20th. Finally, Lake Street Capital set a $1.50 target price on BARK in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BARK currently has an average rating of “Hold” and a consensus target price of $2.00.

BARK Price Performance

BARK stock opened at $0.81 on Friday. The firm has a market cap of $139.48 million, a price-to-earnings ratio of -4.48 and a beta of 1.90. BARK has a 1-year low of $0.53 and a 1-year high of $1.89. The firm has a fifty day moving average price of $0.75 and a two-hundred day moving average price of $0.79.

BARK (NYSE:BARK) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. BARK had a negative net margin of 7.65% and a negative return on equity of 25.73%. The business had revenue of $98.45 million during the quarter, compared to analyst estimates of $102.63 million. As a group, analysts expect that BARK will post -0.09 EPS for the current fiscal year.

Insider Activity at BARK

In other BARK news, Director Jim Mcginty sold 60,000 shares of BARK stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $0.63, for a total transaction of $37,800.00. Following the sale, the director owned 439,384 shares of the company’s stock, valued at $276,811.92. The trade was a 12.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Henrik Werdelin sold 50,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $0.65, for a total value of $32,500.00. Following the completion of the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. 14.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On BARK

Large investors have recently bought and sold shares of the stock. Cerity Partners LLC lifted its stake in shares of BARK by 58.1% in the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock worth $49,000 after acquiring an additional 20,359 shares during the period. CWM LLC lifted its position in BARK by 100.1% in the second quarter. CWM LLC now owns 42,221 shares of the company’s stock worth $37,000 after purchasing an additional 21,118 shares during the period. R Squared Ltd boosted its stake in BARK by 195.5% during the 2nd quarter. R Squared Ltd now owns 47,873 shares of the company’s stock valued at $42,000 after purchasing an additional 31,673 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of BARK during the 2nd quarter valued at $32,000. Finally, BNP Paribas Financial Markets increased its position 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 valued at $42,000 after purchasing an additional 38,526 shares during the period. 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.