BARK (NYSE:BARK) Reaches New 52-Week Low – What’s Next?

Shares of BARK, Inc. (NYSE:BARK) hit a new 52-week low on Wednesday . The stock traded as low as $0.4974 and last traded at $10.80, with a volume of 1764560 shares trading hands. The stock had previously closed at $10.1320.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Lake Street Capital set a $30.00 price target on shares of BARK in a research note on Friday, February 6th. Zacks Research upgraded BARK to a “hold” rating in a research note on Tuesday, January 20th. Canaccord Genuity Group set a $30.00 target price on BARK in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded BARK from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $40.00.

BARK Stock Up 1,962.6%

The firm has a market cap of $1.81 billion, a P/E ratio of -56.81 and a beta of 1.91. The business’s 50 day moving average is $0.78 and its 200-day moving average is $0.76.

BARK (NYSE:BARK) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($0.60) earnings per share for the quarter, topping the consensus estimate of ($0.80) by $0.20. The company had revenue of $98.45 million during the quarter, compared to analyst estimates of $102.63 million. BARK had a negative net margin of 7.65% and a negative return on equity of 25.73%. As a group, equities analysts predict that BARK, Inc. will post -0.09 earnings per share for the current year.

Institutional Trading of BARK

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brevan Howard Capital Management LP acquired a new stake in BARK during the second quarter valued at approximately $32,000. XTX Topco Ltd acquired a new position in shares of BARK in the 4th quarter worth approximately $38,000. SG Americas Securities LLC acquired a new position in shares of BARK in the 3rd quarter worth approximately $41,000. BNP Paribas Financial Markets increased its holdings in shares of BARK by 323.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock valued at $42,000 after acquiring an additional 38,526 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of BARK by 58.1% during the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock valued at $49,000 after acquiring an additional 20,359 shares in the last quarter. 28.76% of the stock is owned by institutional investors.

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.