SVB Wealth LLC Grows Stock Position in BARK, Inc. (NYSE:BARK)

SVB Wealth LLC boosted its stake in shares of BARK, Inc. (NYSE:BARK) by 100.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 93,492 shares of the company’s stock after buying an additional 46,746 shares during the period. SVB Wealth LLC’s holdings in BARK were worth $75,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System purchased a new stake in BARK during the 3rd quarter valued at $46,000. Rathbones Group PLC raised its holdings in BARK by 60.0% during the 3rd quarter. Rathbones Group PLC now owns 80,000 shares of the company’s stock valued at $96,000 after buying an additional 30,000 shares during the period. SG Americas Securities LLC grew its position in BARK by 39.9% in the 3rd quarter. SG Americas Securities LLC now owns 228,142 shares of the company’s stock valued at $274,000 after acquiring an additional 65,115 shares during the last quarter. Bank of New York Mellon Corp grew its position in BARK by 9.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 361,342 shares of the company’s stock valued at $434,000 after acquiring an additional 31,120 shares during the last quarter. Finally, Kent Lake Capital LLC bought a new position in BARK in the 3rd quarter valued at $2,400,000. Hedge funds and other institutional investors own 28.76% of the company’s stock.

BARK Trading Up 1.4 %

Shares of BARK stock opened at $1.12 on Wednesday. The stock’s fifty day moving average is $1.22 and its two-hundred day moving average is $1.01. The company has a quick ratio of 1.56, a current ratio of 2.64 and a debt-to-equity ratio of 0.28. BARK, Inc. has a 52 week low of $0.70 and a 52 week high of $1.64.

BARK (NYSE:BARK) last announced its quarterly earnings data on Wednesday, February 7th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $125.08 million for the quarter. BARK had a negative return on equity of 25.15% and a negative net margin of 9.36%. Sell-side analysts predict that BARK, Inc. will post -0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised BARK from a “hold” rating to a “buy” rating and upped their price objective for the company from $1.54 to $1.90 in a research report on Tuesday, March 5th.

About BARK

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.