BARK (NYSE:BARK) Given “Hold” Rating at Canaccord Genuity Group

Canaccord Genuity Group reissued their hold rating on shares of BARK (NYSE:BARK) in a research report released on Thursday morning, Benzinga reports. The firm currently has a $1.50 price objective on the stock, down from their previous price objective of $3.50.

Separately, Canaccord Genuity Group lowered shares of BARK from a buy rating to a hold rating and dropped their price target for the company from $3.50 to $1.50 in a research note on Thursday.

BARK Trading Up 3.1 %

BARK opened at $0.82 on Thursday. The company has a market cap of $147.87 million, a P/E ratio of -2.50 and a beta of 1.75. BARK has a one year low of $0.72 and a one year high of $2.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.16 and a current ratio of 3.33. The business’s 50-day simple moving average is $1.20 and its 200-day simple moving average is $1.26.

Insiders Place Their Bets

In related news, Director David Kamenetzky sold 83,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $1.60, for a total transaction of $132,800.00. Following the transaction, the director now owns 82,933 shares in the company, valued at approximately $132,692.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 298,288 shares of company stock valued at $466,496. 14.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BARK. Swiss National Bank grew its holdings in shares of BARK by 9.7% during the first quarter. Swiss National Bank now owns 142,300 shares of the company’s stock worth $527,000 after buying an additional 12,600 shares during the last quarter. Citigroup Inc. increased its holdings in shares of BARK by 782.2% in the first quarter. Citigroup Inc. now owns 21,754 shares of the company’s stock valued at $80,000 after purchasing an additional 19,288 shares during the period. BlackRock Inc. increased its holdings in shares of BARK by 5.1% in the first quarter. BlackRock Inc. now owns 1,345,934 shares of the company’s stock valued at $4,980,000 after purchasing an additional 65,012 shares during the period. Vanguard Group Inc. raised its stake in shares of BARK by 11.4% during the first quarter. Vanguard Group Inc. now owns 4,414,486 shares of the company’s stock worth $16,334,000 after purchasing an additional 449,997 shares during the last quarter. Finally, AJ Wealth Strategies LLC lifted its holdings in shares of BARK by 208.3% during the first quarter. AJ Wealth Strategies LLC now owns 37,000 shares of the company’s stock worth $137,000 after purchasing an additional 25,000 shares during the period. 33.27% of the stock is owned by hedge funds and other institutional investors.

BARK Company Profile

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.