BARK (NYSE:BARK) Shares Down 4.6% – Here’s What Happened

BARK, Inc. (NYSE:BARK) shares were down 4.6% during trading on Friday . The stock traded as low as $0.5732 and last traded at $0.5750. Approximately 594,299 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 817,995 shares. The stock had previously closed at $0.6025.

Analysts Set New Price Targets

A number of research analysts have weighed in on BARK shares. Wall Street Zen lowered BARK from a “hold” rating to a “sell” rating in a report on Monday, October 27th. Weiss Ratings restated a “sell (d-)” rating on shares of BARK in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.67.

BARK Stock Down 4.6%

The company’s fifty day moving average price is $0.71 and its two-hundred day moving average price is $0.81. The firm has a market cap of $98.66 million, a PE ratio of -2.88 and a beta of 1.90.

BARK (NYSE:BARK) last posted its earnings results on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). BARK had a negative net margin of 7.81% and a negative return on equity of 23.45%. The company had revenue of $106.97 million during the quarter, compared to analysts’ expectations of $103.57 million. As a group, analysts predict that BARK, Inc. will post -0.09 earnings per share for the current year.

Insider Buying and Selling at BARK

In related news, Director Henrik Werdelin sold 50,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $0.65, for a total value of $32,500.00. Following the completion of the sale, the director directly owned 10,890,385 shares in the company, valued at approximately $7,078,750.25. This represents a 0.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jim Mcginty sold 60,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $0.63, for a total transaction of $37,800.00. Following the completion of the sale, the director directly owned 439,384 shares of the company’s stock, valued at $276,811.92. This trade represents a 12.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On BARK

A number of institutional investors have recently modified their holdings of BARK. Shay Capital LLC lifted its holdings in BARK by 133.6% in the third quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock worth $3,682,000 after acquiring an additional 2,534,722 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of BARK by 17.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,986,331 shares of the company’s stock worth $1,650,000 after purchasing an additional 293,828 shares during the period. Prescott Group Capital Management L.L.C. lifted its holdings in shares of BARK by 1,150.5% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 1,974,218 shares of the company’s stock worth $1,736,000 after purchasing an additional 1,816,345 shares during the last quarter. GSA Capital Partners LLP boosted its position in BARK by 128.0% during the 3rd quarter. GSA Capital Partners LLP now owns 1,049,948 shares of the company’s stock valued at $872,000 after purchasing an additional 589,390 shares during the period. Finally, Murchinson Ltd. boosted its position in BARK by 150.7% during the 2nd quarter. Murchinson Ltd. now owns 410,043 shares of the company’s stock valued at $361,000 after purchasing an additional 246,500 shares during the period. Institutional investors own 28.76% of the company’s stock.

BARK Company Profile

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company’s core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.