Canaccord Genuity Group Trims BARK (NYSE:BARK) Target Price to $5.00

BARK (NYSE:BARKGet Rating) had its price objective reduced by Canaccord Genuity Group from $8.00 to $5.00 in a report issued on Thursday, The Fly reports.

BARK Stock Performance

Shares of NYSE:BARK opened at $1.65 on Thursday. BARK has a fifty-two week low of $1.25 and a fifty-two week high of $6.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.56 and a quick ratio of 1.98. The business has a 50-day simple moving average of $1.82 and a two-hundred day simple moving average of $1.93.

Insider Activity at BARK

In other BARK news, Director David Kamenetzky acquired 91,832 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was acquired at an average cost of $2.47 per share, for a total transaction of $226,825.04. Following the completion of the transaction, the director now directly owns 204,346 shares of the company’s stock, valued at $504,734.62. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 19.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cannell & Co. raised its stake in shares of BARK by 27,905.6% during the 1st quarter. Cannell & Co. now owns 3,024,600 shares of the company’s stock worth $11,191,000 after buying an additional 3,013,800 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of BARK by 91.5% during the first quarter. Capital Research Global Investors now owns 4,500,000 shares of the company’s stock worth $16,650,000 after purchasing an additional 2,150,000 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of BARK by 839.0% during the second quarter. Renaissance Technologies LLC now owns 2,274,200 shares of the company’s stock worth $2,911,000 after acquiring an additional 2,032,000 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in BARK in the second quarter valued at about $1,567,000. Finally, Adams Street Partners LLC acquired a new position in shares of BARK during the second quarter worth approximately $1,140,000. Hedge funds and other institutional investors own 32.39% of the company’s stock.

About BARK

(Get Rating)

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.

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