BARK (NYSE:BARK) Director Jim Mcginty Sells 60,000 Shares of Stock

BARK, Inc. (NYSE:BARK) Director Jim Mcginty sold 60,000 shares of the business’s stock in a transaction that occurred on 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 $276,811.92. This trade represents a 12.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BARK Trading Down 1.8%

NYSE BARK opened at $0.66 on Friday. The company has a market cap of $113.97 million, a PE ratio of -3.32 and a beta of 1.89. BARK, Inc. has a 12 month low of $0.63 and a 12 month high of $2.32. The stock has a 50 day moving average of $0.77 and a 200-day moving average of $0.86.

BARK (NYSE:BARK) last issued its earnings results on Monday, November 10th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). BARK had a negative return on equity of 23.45% and a negative net margin of 7.81%.The firm had revenue of $106.97 million for the quarter, compared to analyst estimates of $103.57 million. As a group, sell-side analysts predict that BARK, Inc. will post -0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On BARK

Several institutional investors and hedge funds have recently made changes to their positions in the company. Shay Capital LLC lifted its holdings in BARK by 133.6% during the 3rd quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock worth $3,682,000 after purchasing an additional 2,534,722 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in BARK by 17.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,986,331 shares of the company’s stock worth $1,650,000 after buying an additional 293,828 shares during the period. Prescott Group Capital Management L.L.C. lifted its holdings in shares of BARK by 1,150.5% during the second quarter. Prescott Group Capital Management L.L.C. now owns 1,974,218 shares of the company’s stock worth $1,736,000 after buying an additional 1,816,345 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of 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 acquiring an additional 589,390 shares during the period. Finally, Nuveen LLC acquired a new position in shares of BARK in the first quarter valued at about $589,000. Institutional investors and hedge funds own 28.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of BARK in a research report on Wednesday, October 8th. Wall Street Zen lowered BARK from a “hold” rating to a “sell” rating in a report on Monday, October 27th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BARK has a consensus rating of “Hold” and an average target price of $2.63.

About BARK

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.