Zahir Ibrahim Buys 55,555 Shares of BARK, Inc. (NYSE:BARK) Stock

BARK, Inc. (NYSE:BARK) CFO Zahir Ibrahim purchased 55,555 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average price of $0.90 per share, for a total transaction of $49,999.50. Following the completion of the transaction, the chief financial officer now owns 305,555 shares in the company, valued at $274,999.50. The trade was a 22.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

BARK Stock Performance

Shares of NYSE:BARK opened at $0.88 on Friday. BARK, Inc. has a 52-week low of $0.84 and a 52-week high of $2.56. The company has a market capitalization of $148.74 million, a P/E ratio of -4.62 and a beta of 2.01. The company has a 50-day simple moving average of $1.20 and a 200 day simple moving average of $1.62.

BARK (NYSE:BARK) last issued its earnings results on Wednesday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. BARK had a negative net margin of 6.47% and a negative return on equity of 15.34%. The business had revenue of $115.41 million during the quarter, compared to the consensus estimate of $126.74 million. As a group, equities analysts forecast that BARK, Inc. will post -0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

BARK has been the topic of a number of research analyst reports. Wall Street Zen lowered BARK from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Jefferies Financial Group cut their price target on BARK from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, June 5th. Finally, Canaccord Genuity Group dropped their price objective on BARK from $2.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, June 5th.

Institutional Investors Weigh In On BARK

Several hedge funds have recently bought and sold shares of the company. Murchinson Ltd. acquired a new stake in BARK in the 1st quarter valued at about $227,000. NewEdge Advisors LLC acquired a new stake in BARK during the first quarter worth approximately $65,000. AQR Capital Management LLC lifted its position in BARK by 627.8% during the first 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 during the last quarter. State of Wyoming acquired a new stake in BARK during the first quarter worth approximately $176,000. Finally, EntryPoint Capital LLC lifted its position in BARK by 48.4% during the first quarter. EntryPoint Capital LLC now owns 191,930 shares of the company’s stock worth $267,000 after acquiring an additional 62,571 shares during the last quarter. 28.76% of the stock is currently owned by institutional investors and hedge funds.

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.