BARK (NYSE:BARK) Upgraded at Zacks Research

Zacks Research upgraded shares of BARK (NYSE:BARK) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

A number of other brokerages have also recently weighed in on BARK. Wall Street Zen cut BARK from a “hold” rating to a “sell” rating in a research note on Monday, October 27th. Weiss Ratings restated a “sell (d-)” rating on shares of BARK in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BARK currently has an average rating of “Hold” and an average target price of $2.50.

BARK Stock Performance

NYSE:BARK opened at $0.93 on Tuesday. The firm has a 50-day simple moving average of $0.70 and a 200-day simple moving average of $0.80. BARK has a one year low of $0.53 and a one year high of $2.04. The firm has a market cap of $158.89 million, a P/E ratio of -4.63 and a beta of 1.90.

BARK (NYSE:BARK) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business had revenue of $106.97 million for the quarter, compared to analysts’ expectations of $103.57 million. BARK had a negative net margin of 7.81% and a negative return on equity of 23.45%. On average, research analysts predict that BARK will post -0.09 EPS for the current fiscal year.

Insider Activity at BARK

In other BARK news, 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 sale, the director directly owned 439,384 shares in the company, valued at $276,811.92. This represents a 12.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Henrik Werdelin sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $0.65, for a total transaction of $32,500.00. Following the completion of the transaction, the director directly owned 10,890,385 shares of the company’s stock, valued at $7,078,750.25. This represents a 0.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 14.80% of the stock is owned by corporate insiders.

Institutional Trading of BARK

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brevan Howard Capital Management LP acquired a new position in shares of BARK during the 2nd quarter worth about $32,000. CWM LLC increased its stake in BARK by 100.1% in the second quarter. CWM LLC now owns 42,221 shares of the company’s stock valued at $37,000 after purchasing an additional 21,118 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of BARK during the 1st quarter worth approximately $65,000. R Squared Ltd lifted its position in shares of BARK by 195.5% during the 2nd quarter. R Squared Ltd now owns 47,873 shares of the company’s stock worth $42,000 after buying an additional 31,673 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of BARK in the 3rd quarter valued at $41,000. 28.76% of the stock is currently owned by institutional investors and hedge funds.

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.