BARK (NYSE:BARK) Upgraded to Hold by Zacks Investment Research

BARK (NYSE:BARKGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

According to Zacks, “ORIGINAL BARK is a dog-centric company. It devoted to making dogs happy with the products, services and content. ORIGINAL BARK, formerly known as Northern Star Acquisition Corp., is based in NEW YORK. “

Several other research analysts also recently weighed in on BARK. Canaccord Genuity Group reduced their target price on BARK from $16.00 to $12.00 in a research note on Friday, February 11th. Canaccord Genuity Group reduced their target price on BARK from $16.00 to $12.00 in a research note on Friday, February 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $12.64.

NYSE:BARK traded down $0.08 during trading hours on Monday, reaching $3.45. The company had a trading volume of 1,379,281 shares, compared to its average volume of 2,920,636. BARK has a 1-year low of $2.63 and a 1-year high of $13.57. The business’s 50 day moving average price is $3.46 and its 200-day moving average price is $4.71.

BARK (NYSE:BARKGet Rating) last announced its earnings results on Thursday, February 10th. The company reported ($0.15) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.15). The business had revenue of $140.81 million for the quarter, compared to analyst estimates of $140.00 million. Equities research analysts predict that BARK will post -0.39 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in BARK by 26.9% in the 4th quarter. BlackRock Inc. now owns 1,280,922 shares of the company’s stock valued at $5,407,000 after buying an additional 271,145 shares in the last quarter. Wells Fargo & Company MN grew its holdings in BARK by 4,181.8% in the 4th quarter. Wells Fargo & Company MN now owns 179,192 shares of the company’s stock valued at $756,000 after buying an additional 175,007 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of BARK by 153.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 51,876 shares of the company’s stock worth $219,000 after purchasing an additional 31,412 shares during the period. California State Teachers Retirement System purchased a new position in shares of BARK during the 4th quarter worth $210,000. Finally, Penserra Capital Management LLC grew its holdings in shares of BARK by 27,682.5% during the 4th quarter. Penserra Capital Management LLC now owns 1,861,148 shares of the company’s stock worth $7,853,000 after purchasing an additional 1,854,449 shares during the period. 26.82% of the stock is owned by hedge funds and other institutional investors.

About BARK (Get Rating)

The Original BARK Company, a dog-centric company, provides products, services, and content for dogs. It operates through two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It offers monthly themed box of toys and treats under the BarkBox and Super Chewer names; personalized meal plans under the BARK Eats name; health and wellness products under the BARK Bright name; and dog beds, bowls, collars, harnesses, and leashes under the BARK Home brand.

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