Brokers Issue Forecasts for BARK, Inc.’s FY2022 Earnings (NYSE:BARK)

BARK, Inc. (NYSE:BARK – Get Rating) – Research analysts at Jefferies Financial Group lowered their FY2022 earnings estimates for BARK in a report released on Monday, May 2nd. Jefferies Financial Group analyst S. Wissink now anticipates that the company will post earnings of ($0.41) per share for the year, down from their previous forecast of ($0.39). Jefferies Financial Group also issued estimates for BARK’s Q4 2022 earnings at ($0.06) EPS and FY2023 earnings at ($0.31) EPS.

BARK (NYSE:BARK – Get Rating) last issued its quarterly earnings results on Thursday, February 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.15). The firm had revenue of $140.81 million for the quarter, compared to analyst estimates of $140.00 million.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of BARK from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. Canaccord Genuity Group dropped their price target on BARK from $16.00 to $12.00 in a report on Friday, February 11th. Finally, Canaccord Genuity Group cut their price objective on BARK from $16.00 to $12.00 in a research report on Friday, February 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, BARK presently has an average rating of “Buy” and an average price target of $12.64.

Shares of BARK stock opened at $3.11 on Wednesday. BARK has a 52 week low of $2.63 and a 52 week high of $13.57. The company’s 50-day moving average price is $3.41 and its two-hundred day moving average price is $4.29.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its position in BARK by 76.6% during the 4th quarter. Quadrant Capital Group LLC now owns 8,277 shares of the company’s stock worth $35,000 after acquiring an additional 3,589 shares during the period. Sciencast Management LP purchased a new stake in shares of BARK in the first quarter worth approximately $44,000. Signaturefd LLC acquired a new stake in shares of BARK during the first quarter worth approximately $49,000. Teacher Retirement System of Texas purchased a new position in BARK during the fourth quarter valued at approximately $50,000. Finally, AJ Wealth Strategies LLC acquired a new position in BARK in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 40.61% of the company’s stock.

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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