BARK, Inc. (NYSE:BARK) Receives Average Rating of “Hold” from Analysts

BARK, Inc. (NYSE:BARK) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.3333.

A number of equities analysts recently issued reports on BARK shares. Lake Street Capital set a $12.00 price target on BARK and gave the company a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings restated a “sell (e+)” rating on shares of BARK in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $19.00 target price on shares of BARK in a research report on Thursday, June 11th. Finally, Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th.

BARK Price Performance

Shares of NYSE BARK opened at $10.69 on Tuesday. The company has a market capitalization of $96.53 million, a price-to-earnings ratio of -2.99 and a beta of 1.95. The business has a 50-day moving average of $9.82 and a two-hundred day moving average of $10.88. BARK has a 1 year low of $8.15 and a 1 year high of $20.79.

BARK (NYSE:BARK) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.48. BARK had a negative return on equity of 35.66% and a negative net margin of 8.42%.The business had revenue of $78.81 million for the quarter, compared to the consensus estimate of $77.50 million. As a group, equities research analysts expect that BARK will post -1.2 earnings per share for the current year.

Institutional Trading of BARK

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of BARK by 18.7% in the 1st quarter. Bank of America Corp DE now owns 135,548 shares of the company’s stock valued at $69,000 after purchasing an additional 21,325 shares during the period. Renaissance Technologies LLC lifted its stake in BARK by 98.7% in the first quarter. Renaissance Technologies LLC now owns 191,700 shares of the company’s stock valued at $97,000 after buying an additional 95,200 shares during the last quarter. XTX Topco Ltd purchased a new stake in BARK in the fourth quarter valued at approximately $38,000. Wells Fargo & Company MN boosted its holdings in shares of BARK by 74.9% in the fourth quarter. Wells Fargo & Company MN now owns 106,808 shares of the company’s stock valued at $64,000 after acquiring an additional 45,737 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of BARK by 78.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 667,881 shares of the company’s stock valued at $402,000 after acquiring an additional 292,621 shares during the period. Institutional investors and hedge funds own 28.76% of the company’s stock.

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.