BARK (NYSE:BARK) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of BARK (NYSE:BARK) from a hold rating to a sell rating in a research note released on Monday morning.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BARK in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BARK has an average rating of “Hold” and an average price target of $2.63.

BARK Stock Performance

NYSE:BARK opened at $0.84 on Monday. BARK has a 1 year low of $0.73 and a 1 year high of $2.56. The stock has a market cap of $143.38 million, a price-to-earnings ratio of -4.96 and a beta of 1.86. The business has a fifty day moving average of $0.84 and a 200-day moving average of $0.97.

Institutional Investors Weigh In On BARK

Institutional investors and hedge funds have recently modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of BARK during the first quarter worth $589,000. XTX Topco Ltd raised its position in shares of BARK by 71.1% during the first quarter. XTX Topco Ltd now owns 211,693 shares of the company’s stock worth $294,000 after purchasing an additional 87,977 shares during the period. Voya Investment Management LLC raised its position in shares of BARK by 43.6% during the first quarter. Voya Investment Management LLC now owns 230,608 shares of the company’s stock worth $321,000 after purchasing an additional 70,000 shares during the period. State of Wyoming acquired a new stake in shares of BARK during the first quarter worth $176,000. Finally, Murchinson Ltd. acquired a new stake in shares of BARK during the first quarter worth $227,000. 28.76% of the stock is owned by institutional investors and hedge funds.

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.