LPL Financial LLC Purchases New Holdings in BARK, Inc. (NYSE:BARK)

LPL Financial LLC acquired a new position in shares of BARK, Inc. (NYSE:BARK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 329,615 shares of the company’s stock, valued at approximately $606,000. LPL Financial LLC owned approximately 0.19% of BARK as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of BARK. American Century Companies Inc. bought a new position in shares of BARK in the 4th quarter valued at about $49,000. Virtu Financial LLC bought a new position in BARK in the fourth quarter valued at approximately $82,000. Brooklyn FI LLC grew its holdings in BARK by 5,886.9% during the 4th quarter. Brooklyn FI LLC now owns 19,712,256 shares of the company’s stock worth $34,362,000 after acquiring an additional 19,383,002 shares during the period. Intech Investment Management LLC raised its position in shares of BARK by 153.6% during the 4th quarter. Intech Investment Management LLC now owns 47,353 shares of the company’s stock valued at $87,000 after acquiring an additional 28,682 shares during the last quarter. Finally, US Bancorp DE acquired a new position in shares of BARK in the 4th quarter valued at $31,000. 28.76% of the stock is currently owned by institutional investors.

BARK Stock Performance

BARK opened at $1.20 on Thursday. BARK, Inc. has a twelve month low of $1.01 and a twelve month high of $2.56. The firm has a market cap of $209.02 million, a PE ratio of -6.29 and a beta of 1.96. The firm’s fifty day moving average is $1.46 and its two-hundred day moving average is $1.71.

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

Wall Street Analyst Weigh In

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

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.