BARK (NYSE:BARK) Upgraded by Wall Street Zen to Hold Rating

BARK (NYSE:BARK) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Other equities research analysts have also issued research reports about the stock. Lake Street Capital set a $12.00 price target on shares of BARK and gave the stock a “buy” rating in a report on Wednesday, June 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $19.00 price objective on shares of BARK in a report on Thursday, June 11th. Canaccord Genuity Group cut their price target on BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Finally, Weiss Ratings downgraded BARK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BARK currently has a consensus rating of “Hold” and an average price target of $15.33.

BARK Trading Up 1.2%

Shares of NYSE:BARK traded up $0.11 during trading on Friday, reaching $9.59. The company had a trading volume of 42,288 shares, compared to its average volume of 113,102. BARK has a 12 month low of $8.15 and a 12 month high of $22.60. The company has a fifty day moving average of $9.45 and a two-hundred day moving average of $12.28. The stock has a market capitalization of $84.30 million, a P/E ratio of -2.15 and a beta of 1.92.

BARK (NYSE:BARK) last posted 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 firm had revenue of $86.57 million for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.01 earnings per share. As a group, equities research analysts predict that BARK will post -1.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BARK. AQR Capital Management LLC raised its position in BARK by 627.8% during the 1st quarter. AQR Capital Management LLC now owns 154,257 shares of the company’s stock valued at $214,000 after purchasing an additional 133,061 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of BARK during the first quarter valued at about $65,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of BARK by 15.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,692,503 shares of the company’s stock worth $1,489,000 after buying an additional 230,131 shares during the period. Gabelli Funds LLC lifted its position in BARK by 100.0% during the 2nd quarter. Gabelli Funds LLC now owns 100,000 shares of the company’s stock worth $88,000 after acquiring an additional 50,000 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of BARK by 58.1% during the second quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock worth $49,000 after purchasing an additional 20,359 shares during the period. 28.76% of the stock is owned by hedge funds and other 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.