BARK, Inc. (NYSE:BARK) Given Consensus Rating of “Hold” by Brokerages

Shares of BARK, Inc. (NYSE:BARK) have been given a consensus rating of “Hold” by the five brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.50.

Several analysts recently commented on BARK shares. Lake Street Capital set a $12.00 price target on BARK and gave the company a “buy” rating in a research note on Wednesday. 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. Jefferies Financial Group reissued a “buy” rating on shares of BARK in a research note on Thursday. Weiss Ratings lowered BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised BARK from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th.

Institutional Trading of BARK

Hedge funds have recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP bought a new position in shares of BARK in the 2nd quarter valued at $32,000. XTX Topco Ltd bought a new position in shares of BARK in the 4th quarter valued at $38,000. BNP Paribas Financial Markets increased its stake 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 purchasing an additional 38,526 shares during the last quarter. Cerity Partners LLC increased 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 valued at $49,000 after purchasing an additional 20,359 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new position in shares of BARK in the 4th quarter valued at $57,000. 28.76% of the stock is owned by institutional investors and hedge funds.

BARK Stock Down 3.2%

NYSE BARK traded down $0.32 during trading on Thursday, hitting $9.81. The company’s stock had a trading volume of 147,237 shares, compared to its average volume of 79,474. The firm has a 50 day moving average price of $9.39 and a 200 day moving average price of $12.86. The firm has a market cap of $84.78 million, a P/E ratio of -2.73 and a beta of 1.93. BARK has a 52 week low of $8.15 and a 52 week high of $22.60.

BARK (NYSE:BARK) last issued 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 company had revenue of $86.57 million for the quarter, compared to the consensus estimate of $96.30 million. BARK had a negative return on equity of 25.73% and a negative net margin of 7.65%.During the same period in the previous year, the business posted $0.01 EPS. On average, equities analysts expect that BARK will post -3.4 earnings per share for the current year.

About BARK

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.