Jim Mcginty Purchases 20,000 Shares of BARK, Inc. (NYSE:BARK) Stock

BARK, Inc. (NYSE:BARKGet Rating) Director Jim Mcginty bought 20,000 shares of BARK stock in a transaction that occurred on Friday, June 3rd. The stock was bought at an average cost of $1.82 per share, for a total transaction of $36,400.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $36,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of BARK stock traded down $0.05 on Tuesday, reaching $1.63. 9,009,688 shares of the stock were exchanged, compared to its average volume of 2,785,164. The stock has a market cap of $285.75 million, a P/E ratio of -3.40 and a beta of 1.22. The firm has a 50 day moving average of $2.98 and a two-hundred day moving average of $3.57. BARK, Inc. has a 1-year low of $1.51 and a 1-year high of $13.57.

BARK (NYSE:BARKGet Rating) last released its quarterly earnings data on Tuesday, May 31st. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.09). As a group, equities analysts forecast that BARK, Inc. will post -0.34 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in BARK. Quadrant Capital Group LLC increased its holdings in shares of 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 buying an additional 3,589 shares during the last quarter. Sciencast Management LP acquired a new stake in shares of BARK during the 1st quarter worth $44,000. Hsbc Holdings PLC acquired a new stake in shares of BARK during the 1st quarter worth $44,000. Signaturefd LLC acquired a new stake in shares of BARK during the 1st quarter worth $49,000. Finally, Teacher Retirement System of Texas acquired a new stake in BARK in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 40.61% of the company’s stock.

BARK has been the topic of a number of recent research reports. Canaccord Genuity Group reduced their target price on BARK from $10.00 to $8.00 in a research note on Wednesday, June 1st. Zacks Investment Research lowered BARK from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Finally, Canaccord Genuity Group reduced their price target on BARK from $16.00 to $12.00 in a research note on Friday, February 11th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, BARK currently has a consensus rating of “Buy” and a consensus target price of $12.07.

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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