BARK, Inc. (NYSE:BARK) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of BARK, Inc. (NYSE:BARK) by 464.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,446,340 shares of the company’s stock after purchasing an additional 1,189,918 shares during the period. JPMorgan Chase & Co. owned 0.83% of BARK worth $2,661,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE purchased a new position in shares of BARK during the fourth quarter valued at approximately $31,000. American Century Companies Inc. acquired a new position in BARK in the 4th quarter valued at $49,000. Virtu Financial LLC purchased a new position in shares of BARK during the 4th quarter worth $82,000. Intech Investment Management LLC boosted its holdings in shares of BARK by 153.6% during the fourth quarter. Intech Investment Management LLC now owns 47,353 shares of the company’s stock worth $87,000 after purchasing an additional 28,682 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of BARK by 43.5% in the fourth quarter. SG Americas Securities LLC now owns 65,472 shares of the company’s stock valued at $120,000 after purchasing an additional 19,849 shares during the period. 28.76% of the stock is owned by institutional investors and hedge funds.

BARK Price Performance

NYSE BARK opened at $1.21 on Wednesday. BARK, Inc. has a 1-year low of $1.01 and a 1-year high of $2.56. The firm has a market capitalization of $210.77 million, a P/E ratio of -6.34 and a beta of 1.96. The business’s 50-day simple moving average is $1.48 and its 200-day simple moving average is $1.71.

BARK (NYSE:BARK) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). BARK had a negative net margin of 6.47% and a negative return on equity of 15.34%. On average, equities research analysts expect that BARK, Inc. will post -0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BARK shares. Lake Street Capital set a $3.00 target price on BARK in a research report on Tuesday, January 14th. Citigroup increased their price objective on shares of BARK from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Friday, January 3rd.

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.