Bank of Montreal Can Takes $141,000 Position in BARK, Inc. (NYSE:BARK)

Posted by Defense World Staff on May 9th, 2023

Bank of Montreal Can bought a new stake in BARK, Inc. (NYSE:BARK – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 93,933 shares of the company’s stock, valued at approximately $141,000. Bank of Montreal Can owned 0.05% of BARK as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the company. Atom Investors LP acquired a new stake in shares of BARK during the 3rd quarter valued at approximately $53,000. Vahanian & Associates Financial Planning Inc. lifted its position in shares of BARK by 30.0% in the third quarter. Vahanian & Associates Financial Planning Inc. now owns 274,111 shares of the company’s stock worth $499,000 after purchasing an additional 63,212 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of BARK by 36.9% during the third quarter. SG Americas Securities LLC now owns 105,243 shares of the company’s stock worth $192,000 after acquiring an additional 28,373 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of BARK during the 3rd quarter valued at about $25,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in BARK in the third quarter worth approximately $55,000. 29.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Canaccord Genuity Group dropped their price target on BARK from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, February 10th. Lake Street Capital dropped their price target on BARK from $5.00 to $4.00 in a report on Friday, February 10th. Finally, Citigroup dropped their price objective on shares of BARK from $2.50 to $2.20 and set a “buy” rating for the company in a research report on Monday, February 13th.

Insider Activity at BARK

In related news, Director Jim Mcginty purchased 40,000 shares of the firm’s stock in a transaction on Friday, February 17th. The stock was purchased at an average cost of $1.56 per share, for a total transaction of $62,400.00. Following the completion of the purchase, the director now directly owns 132,726 shares in the company, valued at $207,052.56. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other BARK news, Chairman Matt Meeker bought 34,700 shares of BARK stock in a transaction dated Monday, February 13th. The stock was bought at an average cost of $1.43 per share, for a total transaction of $49,621.00. Following the purchase, the chairman now owns 9,864,736 shares of the company’s stock, valued at approximately $14,106,572.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jim Mcginty purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The stock was acquired at an average price of $1.56 per share, for a total transaction of $62,400.00. Following the purchase, the director now owns 132,726 shares in the company, valued at approximately $207,052.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 174,700 shares of company stock valued at $267,021. Corporate insiders own 19.80% of the company’s stock.

BARK Trading Up 6.9 %

NYSE:BARK opened at $1.09 on Tuesday. The company has a current ratio of 3.32, a quick ratio of 1.82 and a debt-to-equity ratio of 0.45. BARK, Inc. has a 1-year low of $1.00 and a 1-year high of $2.77. The firm has a market capitalization of $193.66 million, a price-to-earnings ratio of -2.27 and a beta of 1.51. The business’s 50-day moving average price is $1.22 and its two-hundred day moving average price is $1.53.

BARK (NYSE:BARK – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The business had revenue of $134.33 million for the quarter, compared to the consensus estimate of $134.20 million. BARK had a negative net margin of 15.61% and a negative return on equity of 41.40%. On average, equities analysts expect that BARK, Inc. will post -0.34 earnings per share for the current year.

BARK Company Profile

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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.