Voya Investment Management LLC Raises Holdings in BARK, Inc. $BARK

Voya Investment Management LLC increased its position in shares of BARK, Inc. (NYSE:BARK) by 43.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,608 shares of the company’s stock after purchasing an additional 70,000 shares during the quarter. Voya Investment Management LLC owned approximately 0.14% of BARK worth $321,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in shares of BARK during the fourth quarter worth approximately $57,000. ProShare Advisors LLC increased its position in shares of BARK by 46.0% during the fourth quarter. ProShare Advisors LLC now owns 36,568 shares of the company’s stock worth $67,000 after purchasing an additional 11,520 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of BARK in the first quarter valued at approximately $65,000. Virtu Financial LLC increased its holdings in shares of BARK by 71.5% in the first quarter. Virtu Financial LLC now owns 76,226 shares of the company’s stock valued at $106,000 after purchasing an additional 31,786 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of BARK in the fourth quarter valued at approximately $182,000. 28.76% of the stock is currently owned by hedge funds and other institutional investors.

BARK Stock Up 1.7%

BARK stock opened at $0.83 on Monday. The business has a fifty day moving average of $0.88 and a two-hundred day moving average of $1.05. The stock has a market cap of $141.68 million, a price-to-earnings ratio of -4.91 and a beta of 1.88. BARK, Inc. has a 52-week low of $0.77 and a 52-week high of $2.56.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group cut their price target on BARK from $4.00 to $3.00 and set a “buy” rating for the company in a report on Thursday, June 5th. Canaccord Genuity Group cut their price target on BARK from $2.50 to $2.00 and set a “hold” rating for the company in a report on Thursday, June 5th. Finally, Wall Street Zen cut BARK from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.63.

BARK 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.